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The major cost,or penalty,imposed by increasing specialization is
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.
Consistent Estimator
An attribute of an estimator indicating that as the sample size increases, the estimates it produces converge in probability to the parameter being estimated.
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