Examlex
What involves analyzing business operations for internal decision making and does not have to follow any rules issued by standard-setting bodies such as GAAP?
Mean
The mean of a collection of numbers, determined by dividing their total sum by the number of elements within the collection.
Statistical Method
A mathematical approach used for analyzing statistical data, often for the purpose of making conclusions from the data.
Hypothesis Test
A statistical procedure that uses data derived from a sample to investigate a hypothesis related to a population's parameter.
Process Mean
The average of a set of process data points, indicating the central tendency of a process over a given period.
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