Examlex
One of the biggest advantages offered by software suites is that:
Sampling Error
The discrepancy between the statistical characteristics of a population and those of a sample from that population.
Sample Mean
The average value of a sample set, calculated by summing the sample points and dividing by the number of samples.
Standard Error
The standard deviation of the sampling distribution of a statistic, often used in the estimation of the mean.
Point Estimate
A single value or statistic that serves as the best guess or most plausible value of a population parameter based on sample data.
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