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Identify/define and explain the significance of the following: soviet.
Confidence
The degree of certainty or belief in a certain outcome, often used in the context of statistical confidence levels.
Standard Deviation
A statistic that quantifies the dispersion or variability of a set of data points around the mean.
Confidence Interval
An estimate expressed as an interval of values used to estimate a population parameter, indicating the reliability of the estimate.
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a certain level of confidence.
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