Examlex
One possible explanation for direct labor rate and efficiency variances is the use of workers with different skill levels.
Random Error
Variability in data that arises from unpredictable fluctuations in the measurement process.
Null Hypothesis
A statement in statistics that proposes there is no significant effect or difference between specified populations, any observed difference being due to sampling or experimental error.
Observed Difference
The apparent discrepancy or variation between two groups or conditions in an experiment or study.
Random Error
An unpredictable variation in data or experimental results, which occurs without a discernible pattern.
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