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What Process Addresses How Long Data Must Be Kept and How

question 20

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What process addresses how long data must be kept and how it is to be secured?


Definitions:

Confidence Interval

It expresses the degree of uncertainty or certainty in a sampling method, represented as a range within which an estimated parameter is expected to lie.

Alpha (α)

In statistics, it represents the significance level, a threshold determining the probability of rejecting a true null hypothesis.

Population Standard Deviation

Measures the dispersion of a set of data points in a population from its mean, indicating how spread out the data points are.

Interval Estimate

An estimate of a population parameter that provides a range of values believed to contain the parameter with a certain level of confidence.

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