Examlex
The normal time to perform a job is calculated by dividing the elemental average by the standard time.
Sample
A subset of individuals or observations selected from a larger population for the purpose of statistical analysis.
Descriptive Measure
A descriptive measure provides a summary or analysis that captures the characteristics or features of a dataset, often in terms of central tendency or variability.
Population
The entire set of individuals or objects of interest or the measurements obtained from all individuals or objects of interest.
Parameter
A value that describes a characteristic of a population, such as its mean or standard deviation, often used in statistical models and inference.
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