Examlex
What is meant by the term "incentives," and why are they important?
Bootstrap Confidence Interval
A bootstrap confidence interval is a type of confidence interval estimate calculated by resampling the original data with replacement, often used to estimate the uncertainty of a statistic.
Average Grade
The mean score calculated from a set of grades or marks awarded for academic performance.
Percentile Method
A statistical technique used to estimate the value below which a given percentage of observations in a dataset falls.
Probability
A measure of the likelihood of an event occurring, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
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