Examlex
Some customers encourage the use of ______________ by paying more attention to supposed price discounts than to the actual prices (and values) .
Population
A group of individuals, objects, or events that share common characteristics and are studied in statistics to draw inferences about their properties.
Sample
A subset of individuals or objects taken from the population of interest, used for statistical analysis.
Simple Random Sampling
A sampling method where each member of a population has an equal probability of being selected into the sample.
Sample Mean
The sample mean is the average value of a sample of data, calculated by summing all data points and dividing by the number of points.
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