Examlex
For industrial products and services,which of the following sources of information is considered to be useful?
Sample
A subset of individuals or observations drawn from a larger population for the purpose of statistical analysis.
Mean
The mean of a collection of numbers, found by dividing the total sum of the numbers by the quantity of numbers.
Standard Deviation
It quantifies the dispersion of a dataset relative to its mean, reflecting how spread out the data points are.
Confidence Interval
A range of values, derived from statistical analysis, that is likely to contain the true parameter value.
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