Examlex
Type I Material requirements planning systems:
Confidence Interval Estimate
A statistical method used to express the uncertainty associated with a sample statistic by specifying an interval likely to encompass the true population parameter.
Standard Error
A statistic that measures the accuracy with which a sample distribution represents a population.
Sample Size
The number of observations or replicates included in a sample from a population for the purpose of statistical analysis.
Correlation Coefficient
A numerical measure that quantifies the degree of relationship or dependence between two variables, typically ranging from -1 to 1.
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