Your Age Is an Interval Variable

question 40

True/False

Your age is an interval variable.

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Definitions:

Confidence Interval

A confidence interval is a statistical range, based on sample data, meant to estimate the interval within which an unknown population parameter is likely to fall with a given degree of confidence.

Mean Salary

The average amount of remuneration received by employees, calculated by dividing the total salary payment by the number of employees.

Sample

A subset of individuals or observations selected from a larger population for the purpose of statistical analysis.

Hypothesis Test

A statistical method that uses sample data to evaluate a hypothesis about a population parameter.