Examlex
The price of ________ consumption in terms of ________ consumption is ________.
Estimator
A rule or method for estimating a parameter from sample data.
Confidence Level
The degree of certainty, usually expressed as a percentage, that a parameter lies within a specified range of values.
Estimation
The process of finding an approximate value of some parameter—such as a mean, variance, or proportion—from a sample data set.
Population Parameters
Numeric characteristics or measures that describe an aspect of a population.
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