Glossary Term
Confidence Interval
A range of values for a parameter that may contain the parameter and the degree of confidence that it is in fact there.
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Glossary Term
A range of values for a parameter that may contain the parameter and the degree of confidence that it is in fact there.
Glossary Term
In statistical inference procedures (hypothesis tests and confidence intervals), nonparametric procedures are those that are relatively free of assumptions about population parameters.
Glossary Term
In statistical inference procedures (hypothesis tests and confidence intervals), parametric procedures are those that incorporate assumptions about population parameters.