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According to the MARS model,the new employees Dave has hired will likely:
Point Estimates
Statistical measures that provide the best single estimation of an unknown population parameter.
Unbiased Estimator
A statistic used to estimate a parameter that is expected to equal the true parameter of the population.
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.
Population Parameter
A numerical characteristic or measure that describes an aspect of a population.
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