Examlex
Suppose the wage for drive-through clerks is $7 an hour at Jason Burger and $6.50 at Martha's.The jobs are alike in all other aspects.We would expect _____
Population Parameter
A numerical value summarizing the entire population that can often be estimated by a statistic derived from a sample.
Margin of Error
The maximum expected difference between the true population parameter and a sample estimate of that parameter.
Estimator's Squared Bias
The squared difference between an estimator's expected value and the true value of the parameter being estimated.
Variance
The average of the squared differences from the Mean, measuring the spread between numbers in a data set.
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