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In accordance with the principle of parsimony, scientists prefer
Confidence Interval
A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter with a specified level of confidence.
Confidence Interval
A variety of values, sourced from sample statistics, with a high likelihood of containing an undetermined population parameter's value.
Sample Size
The number of observations or elements selected from a population to be analyzed.
Population Mean
The average of a set of values in an entire population, representing the central tendency of the population.
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