Examlex
Transferring material between two non-adjacent workstations, waiting for service and requiring multiple approvals are examples of
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter.
Chi-square
A statistical test used to examine differences with categorical variables, assessing how likely observed frequencies are due to chance.
Variance
Variance is a statistical measure that indicates the spread or dispersion of a set of data points or distribution around the mean.
Sample Variance
A measure of variation or dispersion of a set of sample values, calculated as the average of the squared differences from the Sample Mean.
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