Examlex
The rand function generates a data value of the type:
Confidence Level
Confidence level represents the probability that an interval estimate will include the true population parameter, often expressed as a percentage.
Normally Distributed
Describes a distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set differ from the mean.
Normally Distributed
Describes a probability distribution that is symmetrical around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.
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