Examlex
Control charts for variables are based on data that come from:
Confidence Estimate
A range of values used to estimate a parameter, calculated in such a way that it is likely, to a specified level of confidence, to contain the true value of the parameter.
Confidence Interval
A set of values, calculated from sample statistics, predicted to hold the value of an unobserved population parameter.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean.
T-Distribution
A probability distribution used in statistics that arises when estimating the mean of a normally distributed population in situations where the sample size is small and population variance is unknown.
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