Examlex
The first step in the business unit strategic-planning process deals with which of the following?
Test Statistic
A numerical measure that summarizes data from a sample to make inferences about a population parameter in hypothesis testing.
Variance
A measure of dispersion indicating how far individual values in a dataset are from the mean.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values tend to be close to the mean.
Sampling Distribution
The probability distribution of a given statistic based on a random sample.
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