Examlex
We can obtain probabilities for any normally distributed random variable by first converting the random variable to the standard normally distributed random variable.
Sample Mean
The average value calculated from a subset of a population, used to estimate the population mean.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how spread out the numbers are from the mean.
Confidence Level
Confidence level refers to a statistical measure expressed as a percentage that represents the frequency at which an estimated parameter would fall within a specified range in repeated sampling.
Breaking Strength
The amount of tension force a material can withstand without rupture, often measured to determine material durability and performance under stress.
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