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STORCH Is an Acronym That Represents the Most Common

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STORCH is an acronym that represents the most common


Definitions:

Sample Mean

The average of a set of numerical values drawn from a larger population.

Confidence Interval

A spectrum of values obtained from sample statistics, which is probable to encompass the value of an unidentified population parameter.

Population Parameter

A numerical characteristic or feature of an entire population, such as its mean or standard deviation.

Sampling Distributions

The distribution likelihood of a statistical value gathered from multiple samples from a given population.

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