Examlex
The demand for home computers has increased, yet the price has fallen. Explain this apparent paradox.
Minimum Sample Size
The smallest number of observations or data points that is considered sufficient for a statistically valid result.
Population Proportion
The fraction or percentage of a population that exhibits a particular attribute or characteristic.
Confidence Interval
A stretch of numerical indicators, obtained from sample statistics, envisaged to hold the secret value of a population characteristic.
Margin of Error
An expression of the amount of random sampling error in a survey's results, indicating a confidence interval within which the true value lies.
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