Examlex
A hospital was named in a lawsuit after a client had to undergo a second surgical procedure because an arthroscopy was performed on the wrong knee during surgery.The hospital settled out of court with the client for damages.This is an example of which principle of management?
Actual Value
The real value observed or measured, as opposed to an estimated or theoretical value.
Sample Mean
is the average value of a subset of observations from a larger population.
Sample Variance
Sample variance is a measure of the dispersion or variability of a sample dataset, calculating how much the numbers differ from the sample mean.
Consistent
A statistical property indicating that as the size of the sample increases, the estimator converges in probability to the parameter being estimated.
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