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Saul Goodman represents several clients and bills at $400 per hour.He forgot to record the time it took to complete each activity,but he knows his eight hour day was spent representing three clients involved in one high profile case.He also remembers that Walt told him once that his learning curve percentage was 85%.How much more should Saul bill his first client than his third client?
Population Standard Deviation
A measure of the dispersion or spread of a set of data values in a population, indicating how much individuals within this population vary from the population mean.
Interval Estimate
An estimate of a population parameter that provides a range of values believed to contain the parameter with a certain degree of confidence.
Sample Standard Deviation
A measure of the dispersion or variability of a set of data points in a sample.
Point Estimate
A single value estimation derived from a sample that serves as the best guess of a population parameter.
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