Examlex
Name the standard units of linear measurement on engineering documents and prints.
Point Estimate
The best single guess for a population parameter based on sample data. It represents a single value estimate of a parameter.
Population Parameter
A value that represents a characteristic of an entire population, such as its mean or standard deviation.
Random Sample
A subset of individuals chosen from a larger set, where each member has an equal chance of being selected, ensuring unbiased representation.
Confidence Interval
A range of values, derived from the sample statistics, that is believed to contain the true population parameter with a certain probability.
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