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The second component of the performance management process involves identifying rewards.
Normal Distribution
A balanced probability distribution around the mean, demonstrating that occurrences are more frequent near the mean than away from it.
Margin of Error
An indicator of the precision of an estimate in statistics, showing the range within which the true value is expected to lie with a certain level of confidence.
Confidence Interval
A range of values that is used to estimate the true value of a population parameter with a certain level of confidence.
Standard Deviation
An index used to assess the extent of variation or scatter among data points.
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