Examlex
Which of the following is relevant to operations and supply chain management?
Skewed Distribution
A statistical term describing an asymmetry from the normal distribution in a set of data, where the tail on one side of the peak is longer or fatter than the other.
Statistically Significant
A determination that a result from data analysis is unlikely to have occurred by chance, suggesting a real effect or difference is present.
Standard Deviations
A measure of the dispersion or variability within a set of numerical data, indicating how much variation there is from the average (mean).
Sample Averages
The mean value calculated from a sample set of data, representing the central tendency or typical value of that sample.
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