Examlex
Axis Centre a departmental store has installed CCTV cameras to record consumer actions. Which research approach has been adopted by Axis and why?
Standard Deviation
A quantification of the degree to which a set of values is spread out or dispersed, indicating the extent of deviation from the average value.
Confidence Interval
A set of values that comes from sample statistics, expected to encompass the value of a parameter from an unknown population.
Sample Mean
The average value calculated from a sample of data, representing the central tendency of the sample.
Population Standard Deviation
A measure of the dispersion or variability in a population data set.
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