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The Cost of Travel and Logistics of Remote Production Have

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The cost of travel and logistics of remote production have forced strategic changes in many of the traditional ways to set up and produce on site. What are some of these changes?

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Definitions:

Level Of Significance

The threshold chosen for determining whether a statistical result obtained is deemed significant, typically represented as a probability value (p-value).

Sample Size

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

One-Tail P-Value

The probability, in hypothesis testing, of observing a test statistic as extreme as, or more extreme than, the value observed under the assumption that the null hypothesis is true, in one direction.

Two-Tail Test

A statistical test in which the critical area of a distribution is two-sided and tests whether a sample is greater than or less than a certain range of values.

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