Examlex
Simulation models are classified as continuous if the simulation occurs at specific event points,like a piece of machinery in a factory breaking down.
Population Standard Error
The standard deviation of a sampling distribution, measuring the dispersion of sample means around the population mean.
Confidence Interval
A range of values, derived from the statistics of observed data, that is likely to contain the value of an unknown population parameter.
Mean
The average of a set of numbers, calculated by dividing the sum of all values by the number of values.
Population Standard Error
A measure of the dispersion of sample means around the population mean.
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