Examlex
If an item purchased under FOB origin terms is damaged in truck transit, against whom can the purchaser file its damage claim?
Population Parameter
A value that represents a characteristic of an entire population.
Interval Estimate
An estimate of a parameter that provides a range of possible values within which the parameter is expected to lie, specified by a confidence level.
Population Parameter
A numerical characteristic that describes an aspect of a population, such as its mean or variance.
Actual Value
The real value observed or measured, as opposed to an estimated or theoretical value.
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