Examlex
The R-chart monitors the ________.
Confidence Interval
A range of values, derived from the sample data, that is believed, with a certain degree of probability, to contain the true population parameter.
Margin Of Error
An estimate of the amount by which an observed sample result may differ from the true value, providing a confidence interval for the estimation.
Statistic
A numerical characteristic or measure of a sample extracted from a larger population.
Student T Distributed
A probability distribution used in statistical analysis when the sample size is small and the population variance is unknown.
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