Examlex
In a balanced scorecard system, if operational efficiency was one of the critical factors, which of the following would be a relevant KPI?
Standard Normal Variable
A normal random variable with a mean of zero and a standard deviation of one; used as a basis for comparison with other normal distributions.
Probability
A numeric expression ranging from 0 to 1 that indicates how probable an event is to take place.
Standard Deviation
A statistic that measures the dispersion of a dataset relative to its mean and is calculated as the square root of the variance.
Midterm Exam
An examination administered halfway through an academic term or course to assess students' understanding of the material covered.
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