When Observing Business Processes,it Is Not Necessary to Observe All

question 50

True/False

When observing business processes,it is not necessary to observe all the processes at the same level of detail.

---

Definitions:

Confidence Level

A measure of certainty or probability, expressed as a percentage, that a specified parameter lies within a specified interval in statistical analysis.

Sample Size

The number of observations or data points collected from a population for the purpose of statistical analysis.

Confidence Interval

A span of numbers, obtained from sampled data, that probably includes the value of an unseen population measure within a specified confidence level.

Population Parameter

A characteristic or measure that describes an aspect of an entire population, such as its mean, variance, or standard deviation.