Meaning Chance variation
What does Chance variation mean? Here you find 2 meanings of the word Chance variation. You can also add a definition of Chance variation yourself

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Chance variation


A random variable can be decomposed into a sum of its expected value and chance variation around its expected value. The expected value of the chance variation is zero; the standard error of the chanc [..]
Source: stat.berkeley.edu

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Chance variation


In reference to unbiased sample statistics, the difference between the sample value and the true value of the population parameter.
Source: decisionanalyst.com




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