Examlex
Why is a period of stagflation part of the normal aftermath of a period of excessive aggregate demand?
Type I Error
The inaccurate dismissal of a real null hypothesis, also labeled a "false positive."
Statistical Process Control
Statistical Process Control is a method of monitoring and controlling a process using statistical methods to ensure it operates at its fullest potential.
Sample Proportion
The fraction of individuals in a sample displaying a particular trait or characteristic.
Control Limits
Statistical boundaries in quality control that indicate whether a process is operating within acceptable parameters.
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