Examlex
How might the BCG matrix represent a life cycle?
Type II Error
The mistake of failing to reject a false null hypothesis in a statistical test, also known as a false negative.
Control Chart
A tool used in quality control processes to monitor, control, and improve the process quality by plotting data points in time order and identifying any signals of unusual variation.
Type Error
Often refers to a Type I or Type II error in statistical hypothesis testing, misidentification of a true condition.
Null Hypothesis
In statistical hypothesis testing, it is the hypothesis that there is no effect or no difference, and any observed deviation is due to chance.
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