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Managers who set standards and keep a group focused on its goals are said to excel in
Expected Value
The long-run average value of repetitions of the experiment it represents, in probability and statistics.
Error
The difference between a measured or calculated value and its true value; often used in statistics and scientific experiments.
Confidence Interval Estimate
A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter.
Prediction Interval
An estimate of an interval in which future observations will fall, with a certain probability, given what has already been observed.
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