Examlex
What is the formula to determine one's wealth?
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.
Population Mean
The average value of all the elements in a population.
Interval Estimators
Statistic-based range estimates used to infer the value of a population parameter, providing an interval believed to contain the parameter.
Point Estimators
Statistical values calculated from sample data that are used to estimate the true value of a population parameter.
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