Examlex
The benefits of a product can be
Sample Proportion
The fraction of items in a sample meeting a certain criterion, representing a subset of the population fraction with that characteristic.
Sample Mean
The average value of a sample set of numbers, calculated by adding up all the observations and dividing by the number of observations.
Standard Error
The standard deviation of the sampling distribution of a statistic, typically the mean, indicating the accuracy of the sample mean compared to the population mean.
Variance
A statistical measure that represents the dispersion or spread of a set of data points, calculated as the average of the squared differences from the mean.
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