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A stockout always results in a back order.
Standard Error
A measure of how much sample means of a given data set are expected to vary, serving as a statistical indicator of precision.
Margin of Error
A measure of the range of values below and above the sample statistic in a confidence interval; it quantifies uncertainty in estimates.
Standard Error
A measure of the variability or dispersion of a sample statistic from the population parameter.
Confidence Interval
A set of values, obtained from sample data, that probably includes the value of an unspecified population parameter, given a certain confidence level.
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