Examlex
If a binomial distribution applies with a sample size of n = 20, find the expected value, n = 20, p = 0.20.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set differ from the mean.
Normally Distributed
Describes a probability distribution that is symmetrical around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.
Confidence Interval
A scope of values, sourced from statistical analysis of a sample, that is believed to contain the value of an undisclosed population parameter.
Margin of Error
An expression of the amount of random sampling error in a survey's results, indicating a range within which the true value lies with a certain level of confidence.
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