A ________ Is a Summary Description of a Characteristic or Measure

question 5

Multiple Choice

A ________ is a summary description of a characteristic or measure of the sample.It is used as an estimate of the population parameter.

• A) statistic
• B) finite population correction
• C) parameter
• D) precision level

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Definitions:

Test For Equality

A statistical method used to determine if two or more groups have statistically significant differences in means.

Variances

Measures of how much a set of numbers is spread out from their average value, indicating distribution dispersion.

Population Parameters

Statistical measures that summarize characteristics for an entire population, such as mean, variance, or standard deviation.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.