Examlex
Which of the following is the primary advantage of outsourcing the HR administrative function?
Normal Approximation
Normal approximation is a statistical technique that involves using the normal distribution to approximate the distribution of sample means or sums, especially useful for large sample sizes.
Standardized Test Statistic
A measure used in statistical hypothesis testing, indicating how far a sample statistic deviates from its null hypothesis expected value, typically expressed as a z-score.
Two-Tail Test
is a statistical test that considers extreme values in both tails of the distribution to test for a non-specific alternative hypothesis.
Wilcoxon Rank-Sum Test
A non-parametric statistical test used to compare two independent samples to assess whether their populations differ in terms of their central tendency.
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