Lecture 2 - Stats, Distributions, Confidence Intervals

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9 Terms

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Sample Mean

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2
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Population Mean

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Absolute Error

E =2.718 x - x

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Relative Error

Er = x-xt /xt. X 100%

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Population Standard Deviation

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Sample standard Deviation

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For a confidence level of 68%

X ± σ

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For a confidence level of 95%

X ± 1.96σ

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For a confidence level of 99.7%

X ± 3σ