Examlex
Unit-level activities are performed each time a unit is produced.
Population Parameter
A numerical characteristic that describes an aspect of a population, such as its mean or variance.
Actual Value
The real value observed or measured, as opposed to an estimated or theoretical value.
Sample Mean
is the average value of a subset of observations from a larger population.
Sample Variance
Sample variance is a measure of the dispersion or variability of a sample dataset, calculating how much the numbers differ from the sample mean.
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