With all the help of issue estimation, we have the estimated price of the populace parameter. On the flip side, interval estimation gives us the variety of values Which may have the populace parameter.
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Outlier refers to All those facts details, which substantially vary from another observations. An outlier exists due to the measurement variability or Should you have any experimental mistake.
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Descriptive statistics are utilized to characterize or summarize a sample's Houses or knowledge assortment, such as the necessarily mean, common deviation, or frequency of the variable.
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