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What Are the Two Types of Software

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What are the two types of software?


Definitions:

Sample Size

The number of observations or data points used in a statistical sample from a larger population.

Population Standard Deviation

A statistical measure that quantifies the amount of variance or dispersion in a set of data points across an entire population.

Standard Error

A measure of the variability or dispersion of a sample statistic (like the sample mean) from the population mean, indicating its accuracy when estimating a population parameter.

Point Estimate

A single value that serves as an estimate of a population parameter, derived from sample data.

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