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Recent surveys of ESS and MSS systems users indicate that, though 80% of respondents agree that web-based self-service systems can lower HR operational costs, only 40% believe that their company is actually achieving this result. This discrepancy may be due to
Extreme Values
Observations that are significantly higher or lower than the majority of data points in a data set, often perceived as outliers.
Chebysheff's Theorem
A statistical theorem that provides a minimum bound on the proportion of observations within a specified number of standard deviations from the mean for any distribution shape.
Bell Shaped Distribution
A probability distribution that forms a symmetric bell-shaped curve, commonly associated with the normal distribution.
Coefficient of Variation
A uniform metric showing the spread of a probability or frequency distribution as a percentage relative to the average.
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