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Utilization Management Is

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Utilization management is


Definitions:

Prediction Interval

An estimate of an interval in which future observations will fall, with a certain probability, given what has already been observed.

Population Parameter

A numerical value that describes a characteristic of the entire population.

Confidence Interval

A range of data points, collected from sample observations, considered to contain the value of an unseen population variable.

Confidence Interval

A range of values derived from sample data that is likely to contain the value of an unknown population parameter, with a certain degree of confidence.

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