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Joe claims that since all information is biased that he is justified in relying on a tobacco company's study as evidence that tobacco does not cause cancer for his informative speech.Evaluate his statement about "bias" and the value of his source.
Variance
A measure of the dispersion or spread of a set of data points, calculated as the average of the squared differences from the mean.
Point Estimator
A point estimator is a statistic used to estimate the value of an unknown parameter of a population.
Population Parameter
A characteristic or measure that describes an aspect of an entire population, such as its mean, variance, or proportion.
Sample Statistic
A numerical measure that describes an attribute of a sample of a population.
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