Statistics Is Defined as a Body of Techniques Used to Facilitate

question 15

True/False

Statistics is defined as a body of techniques used to facilitate the collection,organization,presentation,analysis,and interpretation of information for the purpose of making better decisions.

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Definitions:

Normal Approximation

A method used in statistics to estimate the distribution of various sample statistics using the normal distribution, particularly when the sample size is large.

Defective Items

Products or goods that fail to meet quality standards.

Sampling Distribution

The chance distribution of a chosen statistic, produced from a sample taken at random.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the set deviate from the mean.