Examlex
You observe that unplanned inventories are increasing. You predict that there will be
T-statistic
A statistic used in hypothesis testing, computed as the difference between the sample mean and the hypothesized population mean, divided by the standard error of the mean.
Z-score
A statistical measurement that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations from the mean.
Variability
The extent to which data points in a statistical distribution or data set diverge from the average or mean value.
Sampling Distribution
The probability distribution of a given statistic based on a random sample, central to inferential statistics as it provides a basis for hypothesis testing.
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