Examlex
Which of the following is not an essential ingredient of TQM?
Confidence Level
The proportion of times that an estimating procedure will produce intervals that contain the parameter of interest if the same population is sampled repeatedly.
Precision
The degree to which repeated measurements under unchanged conditions show the same results.
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, expressed with a certain level of confidence.
Confidence Level
The probability, expressed as a percentage, that a parameter lies within a specified range of values, indicating the reliability of an estimate.
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