The Process of Developing Good, Useful, and Correct Spreadsheet Models

question 16

True/False

The process of developing good, useful, and correct spreadsheet models is known as spreadsheet engineering.

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Definitions:

Means

The average values obtained by dividing the sum of all observations by the number of observations.

Bootstrapping Process

A statistical resampling method used to approximate the distribution of a statistic by repeatedly sampling with replacement from the observed data.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, represented by the square root of the variance.

Sampling Distribution

A statistical distribution of all possible sample means or proportions, given a sample size, from a population.