Examlex
What are the three houses of quality used to deploy the voice of the customer to component parts characteristics, process planning, and production planning?
Chance
The occurrence of events in the absence of any deliberate intention or predictable causation, often used to describe random variability in data.
Confidence Interval
A range of values derived from sample data that is likely to contain the true population parameter with a certain level of confidence.
Statistically Significant
Indicates that an observed effect or result is unlikely to have occurred by chance, suggesting a real impact or difference that is not due to random variation.
Inferential Statistics
A branch of statistics focused on drawing conclusions about populations based on samples.
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