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Statistical significance is a characteristic of a statistic viewed in light of a null hypothesis and a given significance level. It reflects whether the statistic belongs to the rejection region (is statistically significant) or the acceptance region (is not statistically significant).
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Does central limit theorem help in making inference only about the population mean and not o...
As per the weak law of large numbers, if your sample size is large, your mean of the sample is likely to be closer to the population mean than in a smaller sample. Additionally the CLT tells us the ap …