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Jerry enters a restaurant and hangs his coat in an unattended cloakroom near the entrance of the restaurant.Even though no employee of the restaurant is present,the provision of the cloakroom makes Jerry think it will be safe.In this situation,the restaurant is the bailor of Jerry's coat.
Standard Normal Distribution
A normal distribution with a mean of zero and a standard deviation of one, used as a reference in statistical analysis.
Confidence Interval
A continuum of figures obtained from a sample's statistics, likely to envelop the value of an unknown population characteristic.
Population Proportion
The fraction of individuals in a population having a particular attribute, representing a particular kind of population parameter.
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the true value of an unknown population parameter with a specified level of confidence.
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