Changes in Economic Conditions Can Be One of the Causes

question 43

True/False

Changes in economic conditions can be one of the causes for significant deviations from the planned performance.

---

Definitions:

Population Variance

A measure of how data points in a population are spread out from the mean.

T Distribution

A type of probability distribution that is symmetrical and bell-shaped like the normal distribution but has heavier tails, used especially for small sample sizes.

Degrees Of Freedom

The total count of values that can change in the ultimate calculation of a statistical figure.

Standard Normal Distribution

A bell-shaped distribution that has a mean of zero and a standard deviation of one, used in probability and statistics.