Benchmarking Is

question 29

Multiple Choice

Benchmarking is:

• A) a method to compare organizational performance to others
• B) used to improve an organization
• C) a way to find out how other organizations achieve superior performance levels
• D) all of the above

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Definitions:

SRS

Simple Random Sampling, a method of sampling where every individual has an equal chance of being selected from a population.

T Procedure

A statistical method used to infer the unknown mean of a population based on a sample mean, especially when the sample size is small.

Non-Normality

A characteristic of a dataset that deviates from the bell-shaped curve associated with a normal distribution, potentially affecting statistical tests.

Skewness

Skewness is a measure of the asymmetry of the probability distribution of a real-valued random variable about its mean, indicating how much the distribution leans towards the left or right.