Examlex
Of the following,which is an obstacle to JIT/lean conversion?
Level of Confidence
The degree to which one can be sure that a particular parameter falls within a specific range, expressed as a percentage.
Confidence Interval
A range of values, derived from sample data, that is likely to contain the true value of an unknown population parameter.
Inferential Statistics
The branch of statistics that makes predictions or inferences about a population based on a sample of data.
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