Examlex
What is the competitive environment and what factors need to be considered in monitoring this environment?
Population Average
The mean value of a characteristic within an entire population.
Standard Error
The standard deviation of the sampling distribution of a statistic, often used to estimate the accuracy of a sample mean compared to the population mean.
Sample Mean
The average of all observed values in a sample from a population.
Level of Significance
A statistical measure that determines the threshold at which a hypothesis test results in a rejection of the null hypothesis.
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