Examlex
Some organizations ask managers to place a percentage of their employees in the bottom performance category on every performance evaluation exercise, which in some cases may mean they are fired. Which type of performance evaluation method does this exemplify?
Sample Size
Sample size refers to the number of observations or data points collected in a statistical study, which is critical for ensuring the reliability, validity, and generalizability of the study's results.
Probability of Error
Probability of error refers to the likelihood that a statistical decision or hypothesis test will result in a wrong conclusion.
Test Power
The probability that a statistical test will correctly reject a false null hypothesis, essentially the ability of a test to detect an effect if there is one.
Conditional Probabilities
are the probabilities of an event occurring given that another event has already occurred.
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