Examlex
Page's sells books. The following information summarizes the company's operating expenses for the year: What is gross profit?
Sample Mean
The average value calculated from a sample of data points, used as an estimate of the population mean.
Sample Median
The middle value of a sample data set arranged in ascending or descending order, used as a measure of central tendency.
Bootstrapping
A statistical method that resamples a single dataset to create many simulated samples, used in assessing the precision of sample estimates.
Resamples
The practice of repeatedly drawing samples from a given dataset with the intention of estimating a population parameter.
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