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Why Is It Essential for Organizations to Communicate the Nature

question 42

Essay

Why is it essential for organizations to communicate the nature and value of benefits to their employees?


Definitions:

Confidence Interval Estimate

A range of values derived from sample data that is likely to contain the value of an unknown population parameter, expressed at a given level of confidence.

Prediction Interval

An estimate of an interval in which future observations will fall, with a certain level of confidence, based on current sample data.

Expected Value

The average outcome or mean of a random variable, calculated as the sum of all possible values each multiplied by its probability of occurrence.

Confidence Interval

A gamut of statistical values, extrapolated from sample data, predicted to likely retain the value of an undisclosed population parameter.

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