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An advantage of electronic communication within organizations compared to other methods is that
Variance
The average of the squared differences from the Mean, measuring the spread between numbers in a data set.
Point Estimate
A single value or statistic that serves as the best guess or most probable value of an unknown population parameter.
Population Parameter
A numerical value that summarizes a characteristic of an entire population.
Random Sampling
A method in statistical analysis where individuals or items are selected from a larger population entirely by chance, ensuring that every member has an equal opportunity of being chosen.
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