Examlex
Provide a customer-centered definition of the term quality.
Confidence Interval
A range of values derived from sample data that is likely to contain the true population parameter with a specified level of confidence.
Population Mean
The average value of all the elements in a population, representing the central tendency of the population data.
Probability
A measure of the likelihood that a given event will occur, expressed as a number between 0 and 1.
Finite Population Correction Factor
A factor applied to the computation of the standard error when sampling from a finite population, to adjust for the size of the population relative to the sample size.
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