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Technology does not have the potential to displace employees holding positions traditionally reserved for human thinking.
Sample Size
The number of observations or elements within a sample, crucial for achieving accurate and reliable statistics.
Parameter
A numerical characteristic that describes and summarizes an aspect of a population in statistics.
Unbiased Estimator
A statistical estimator whose expected value is equal to the parameter being estimated, indicating accuracy across samples.
Expected Value
The long-run average value of repetitions of the same experiment or random process, calculated as the sum of all possible values weighted by their probabilities of occurrence.
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