Examlex
If a buyer treats the goods as if he owns them, the buyer is considered to have rejected the goods.
Confidence Interval
An array of values, derived from observations of a sample, which is believed to enclose the value of a mystery parameter in the population.
Mean
The arithmetic average of a set of numbers, calculated by dividing the sum of the numbers by the count of numbers.
Confidence Interval
A confidence interval is 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.
Confidence Level
The probability or likelihood, expressed as a percentage, that a specified interval will contain the true population parameter.
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