Examlex
Components of an ERP's architecture typically include:
Standard Deviation
A measure of the amount of variation or dispersion in a set of values.
Confidence Interval
An estimated range of values which is likely to include an unknown population parameter, calculated from a given set of sample data.
Margin of Error
An expression of the amount of random sampling error in a survey's results, indicating a range within which the true value lies at a certain confidence level.
Probability
The extent to which an event is likely to occur, measured by the ratio of the favorable cases to the whole number of cases possible.
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