Examlex
A check that has been outstanding for over six months is considered ________.
Hypothesis Test
A statistical method that uses sample data to evaluate a hypothesis about a population parameter.
Operating Characteristic Curve
The operating characteristic curve is a graphical representation used in quality control to depict the probability of accepting a lot given its level of quality or defect rate.
Type II Error
The error that occurs when a false null hypothesis is not rejected, also known as a "false negative" finding.
Population Mean
The average value of a property of the members of a population, which is a comprehensive collection of individuals or objects studied.
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