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If you are a salaried worker and you miss a day of work,how does your salary change?
Confidence Interval
A range of values, derived from the sample statistics, that is likely to contain the value of an unknown population parameter.
Population Parameter
A numerical value summarizing the whole population, commonly used in statistics, such as the mean or standard deviation.
Confidence Interval
A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.
Population Parameter
A numerical value that represents a characteristic or measure of an entire population.
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