Examlex
The basic problem with using a ranking method for performance appraisals is not identifying the extreme good and bad performers but differentiating meaningfully between the others.
Statistic
A single measure, calculated from a sample, used to estimate the value of a population parameter.
Population
The entire group of individuals or instances about whom the study is concerned or from which a statistical sample is drawn for analysis.
Sample
A subset of a population used in statistical analysis to estimate characteristics or outcomes of the entire population.
Descriptive Measure
Statistical calculations that summarize or describe characteristics of a data set, including measures like mean, median, mode, and range.
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