Examlex
People choose between right and wrong based on which of the following?
Population Parameters
Numeric values that summarize and describe characteristics of an entire population, such as mean, variance, or proportion.
Sample Statistics
Refers to the numerical data collected from a subset of a population, used to estimate the characteristics of that entire population.
Estimator
A rule or method for estimating a parameter from sample data.
Confidence Level
The degree of certainty, usually expressed as a percentage, that a parameter lies within a specified range of values.
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