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The same price will be charged no matter what pricing objective is used.
Sampling Distribution
The probability distribution of a statistic based on repeated sampling from the same population, used to understand the statistic's properties.
Confidence Interval
A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a given degree of certainty.
Sample Size
The number of observations or replicates included in a statistical sample.
Confidence Interval
A series of values, derived from examining samples, that is anticipated to cover the value of an unidentified population parameter.
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