Examlex
The acid test ratio is a tighter measure of a company's ability to pay current liabilities than the current ratio.
Sampling Distribution
This is the probability distribution of a given statistic based on a random sample.
Variance
A measure of the spread or dispersion of a set of data points, indicating how much the values differ from the mean of the set.
Standard Deviation
A statistical index that quantifies the spread or dispersion of a dataset relative to its mean, indicating how spread out the data points are.
Simple Random Sample
A sampling method where each member of the population has an equal chance of being selected, minimizing bias and ensuring representativeness.
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