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Every time Tim goes for goal in his footy game, he rubs the charm on the necklace that his professional footballer uncle gave him.This charm has never failed to help him kick a goal.The charm has become part of Tim's extended self.
Parameter
A numerical characteristic or feature of a population that is estimated using sample data.
Sample Variance
A measure of the dispersion or variability within a sample dataset, indicating how much the individual data points differ from the sample mean.
Population Variance
A measure of the dispersion of a set of data points in a population, calculated as the average of the squared distances of each data point from the population mean.
Unbiased Estimator
A statistical estimator that, when applied repeatedly to numerous samples, gives correct parameter values on average.
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