Examlex
The owner of a convertible bond owns, in effect, both a bond and a call option.
Type II Error
The statistical mistake of failing to reject a false null hypothesis, or the error of not detecting an effect or difference when one truly exists.
Type I Error
Incorrectly dismissing a true null hypothesis as false.
Control Chart
A graphical tool used in quality control processes to monitor changes and variations in a process over time.
Control Limits
Statistical boundaries set in process control that indicate the permissible range of variation for a process to remain in control.
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