Examlex
Research shows that:
Sample
A sample is a subset of a larger population, selected for the purpose of analysis, which is used to infer or predict characteristics or outcomes for the whole population.
Statistic
A single measure, often derived from a sample, used to summarize or describe an aspect of the data.
Population
The entire group of individuals or instances about whom the data is to be collected and analyzed.
Cost Aggregation
The process of compiling and combining different cost elements within a project to understand total expenses or analyze specific aspects.
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