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 Related Terms
 Random Sample:  A sample chosen from a population such that each data unit in the population has an equal chance of being chosen each time.
Random Number: Typically describes a set of single digit numbers that are generated such that each number has an equal chance of occurring each time.
Sample Space: The set of all possible outcomes from an experiment.
Probability: A measure of the likelihood of an event.
Monte Carlo Method: A process used to approximate probabilities by simulating an event.
Population: The entire set of items from which data can be selected.