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Brendan is putting together an employee group to help add new technology to his company's existing products. He is looking for employees that are comfortable with new technologies, and who are flexible, adaptable, and have a strong sense of commitment to their work. Many of his company's Millennial employees probably would meet these criteria.
Sampling Distribution
The chance distribution linked to a specific statistic, emanating from a randomly selected sample.
Bias
A systematic error in a statistical analysis or measurement process that leads to incorrect conclusions or estimates.
Standard Error
A statistical measure that estimates the accuracy with which a sample distribution represents a population using the standard deviation.
Population Parameter
A numerical value that represents a characteristic of an entire population, such as the population mean or standard deviation.
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