Education

The binomial distribution is a probability distribution that describes the number of successes in a fixed number of independent Bernoulli trials, each with the same probability of success.

A confidence interval is a range of values that provides an estimated range of plausible values for a population parameter, such as a population mean or proportion, based on a sample from that population.

Demographics refers to the statistical characteristics and trends of human populations, providing insights into factors such as age, gender, race, education, income, and geographic distribution.

ANOVA (Analysis of Variance) is a statistical technique used to compare means across multiple groups and determine if there are significant differences between them.

Normative economics is the branch of economics that involves making value judgments and subjective recommendations about what economic policies and outcomes should be, based on personal opinions, values, and desired societal goals.