Examlex
The shipping company manager wants to determine the best routes for the trucks to take to reach their destinations. This problem can be solved using the minimal spanning tree.
Standard Deviation
Standard deviation is a measure of the dispersion or variability of a set of data points around their mean, indicating how spread out the data points are.
Sampling Distribution
The chance distribution of a statistical measure derived from numerous samples taken from a particular group.
Central Limit Theorem
A theory stating that when samples are large enough, their mean will be approximately normally distributed, regardless of the population's distribution.
Standard Error
A statistical measure that quantifies the variability or dispersion of a sample statistic from the population parameter it estimates.
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