Examlex
Your friend Terry has asked you to explain the time management matrix to him.After showing him the tool, he asks you where he should spend most of his time.What advice should you give him?
Outliers
Outliers are data points that differ significantly from other observations, often lying far outside the majority of a data distribution.
Parameter
A numeric characteristic that describes and summarizes an entire population of data.
Statistic
A characteristic or measure obtained from a sample of data, used to estimate the value of a population parameter.
Variance
A measure of how spread out a set of data is, calculated as the average of the squared differences from the Mean.
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