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Posing as a representative of Global Games Company,Ferris e-mails Evan,a job seeker,asking him to forward personal banking information so that if he is hired,payroll checks can be deposited directly into his account.Evan supplies the data,which Ferris promptly sells to Dixie.This is
Expected Value
The long-term average value of a random variable, representing its mean outcome over an infinite number of trials.
Point Estimate
A single value that serves as the best guess or most likely value for a population parameter based on sample data.
Population Parameter
A numerical value that describes a characteristic of a population, such as mean, standard deviation, proportion, etc., usually estimated through samples.
Larger Sample Sizes
Refers to increasing the number of observations in a study to improve the reliability and validity of statistical inferences.
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