In a Single Paragraph,describe the Process of Management in Your

question 45

Essay

In a single paragraph,describe the process of management in your own words.

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Definitions:

Parametric Statistics

A branch of statistics that assumes data comes from a type of distribution and makes inferences about the parameters of the distribution.

Sample Size

The number of observations or data points used in a study or analysis.

Population

All the possible subjects or cases of interest.

Critical Value

A threshold in a statistical test that defines the boundary for whether a statistic is considered significant or not, helping decide to accept or reject the null hypothesis.