Examlex
ensured that Britain would dominate global trade and that British colonies would prosper.
Confidence Interval
Values range, derived from statistical samples, that possibly includes the value of an elusive population parameter.
Population Mean
The average value of a set of characteristics within a full population, calculated by summing all the values and dividing by the number of observations.
Sample Mean
The average value of all the observations in a sample, calculated as the sum of the observations divided by the number of observations in the sample.
Confidence Interval
It expresses the degree of uncertainty or certainty in a sampling method, represented as a range within which an estimated parameter is expected to lie.
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