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A vision statement is
Sample Size
The total number of observations or data points collected in a statistical study.
Critical Value
A threshold in hypothesis testing that determines the boundary for rejecting the null hypothesis.
Confidence Level
The probability, expressed as a percent, that a parameter lies within a specified range of values (confidence interval).
Confidence Interval
A range of values, calculated from the sample data, that is likely to include the true population parameter with a specified level of confidence.
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