Examlex
If between 125 and 150 units of a product have been produced each day during the past month, the range of this production is 150 units.
Population Mean
Population mean is the average of all the values in a population.
Standard Deviation
A measure of the amount of variation or dispersion in a set of values, indicating how spread out the numbers are from the mean.
Confidence Interval
A series of values, obtained from statistics of a sample, that has a high probability of including the value of an unseen population parameter.
Standard Deviation
A metric that calculates how much a dataset's values deviate or spread out from the average.
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