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Piyush Nahar
on Nov 26, 2024

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The maximum distance between an estimator and the true value of a parameter is called the margin of error.

Estimator

A rule or formula that provides an estimate of a population parameter based on sample data.

True Value

True value refers to the actual value of a parameter or statistic in the population, which statistical estimates aim to approximate.

  • Understand and identify the margin of error in estimation context.
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Joseph MutuaDec 01, 2024
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