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What are some problems encountered with management by walking around (MBWA)?
Parameter
A numerical characteristic or measure that describes and summarizes a whole population.
Statistic
is a single measure, calculated from sample data, used to infer or describe properties of a population.
Significance Level
A threshold for determining whether a statistical result is considered statistically significant, usually denoted by alpha (α).
Statistical Inference
The process of drawing conclusions about population parameters based on data from a sample.
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