Data in the Employee/payroll Master Data Originates in HR and Payroll

question 39

True/False

Data in the employee/payroll master data originates in HR and payroll.

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Definitions:

Standard Error

The standard deviation of the sampling distribution of a statistic, commonly used as an estimate of the accuracy of a sample mean.

Sample Mean

The average of observations collected from a sample, used as an estimate of the population mean.

Observations

Data points or individual pieces of data collected through measurement, study, or research.

Random Sample

A group of people selected from a broader population, where every person has the same probability of being chosen.