Examlex
Counting how many people use the drive-in window at a bank during certain hours is a good example of what type of observational research?
Error of Estimation
The difference between an estimated value and the true value, often used in statistics to assess the accuracy of estimations.
Estimated Parameter
In statistics, a value derived from a sample that estimates a population parameter.
Estimate
An approximation or prediction of a value based on sample data.
Interval Estimate
An interval of values, taken from data sampling, expected to capture the value of a not-yet-known population measure.
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