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Questions and Answers
What is a confidence interval?
What is a confidence interval?
A confidence interval is a range of values within which we are reasonably confident that the true population parameter lies.
What are the two branches of statistics?
What are the two branches of statistics?
Descriptive statistics and inferential statistics
Define point estimation.
Define point estimation.
Point estimation involves using a single value (a point) to estimate an unknown parameter of the population.
What is the null hypothesis? Provide an example.
What is the null hypothesis? Provide an example.
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