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A team must decide whether to adopt a new procedure for submitting expense claims.Team members have decided to continue their discussion until all team members have aired their opinions and, ultimately, agree.What method for reaching group decisions is this team using?
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.
Sample
A subset of a population selected for measurement, observation, or questioning to provide data for analysis.
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