Examlex
A study of consumer behavior finds a positive correlation between sales of ice cream and sales of soda.What might explain the strong correlation?
Chi-Square Value
A statistic that measures the discrepancy between observed and expected frequencies in categorical data, used in hypothesis testing.
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter with a specified level of confidence.
Confidence Interval Estimate
A statistical range, with a certain level of confidence, that is likely to contain a population parameter.
Standard Deviation
Standard Deviation is a statistical measure that quantifies the amount of variation or dispersion of a set of values.
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