Examlex
A broker makes ten trades on an account for the purpose of generating commissions. The broker may be guilty of _______.
Probability
A measure of the likelihood that an event will occur, represented as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Random Sample
A sample in which each member of the population has an equal probability of being selected, aiming for a representative subset.
Standard Error
A statistical measure that indicates the accuracy of a sample mean by estimating the dispersion of sample means around the population mean.
Statistic
A numerical measure that describes a characteristic of a sample, which is often used to estimate the corresponding parameter in the population.
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