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Unfortunately, formal crisis management programs are decreasing in popularity in organizations.
Central Limit Theorem
A statistical theory that states that given a sufficiently large sample size from a population with a finite level of variance, the mean of all samples from the same population will be approximately equal to the mean of the population.
Sampling Distribution
The distribution of a statistic (like the mean) that would result from taking a large number of samples from a population.
Sample Size
The number of observations or data points in a sample used to estimate characteristics of a population.
Population Standard Deviation
A measure that quantifies the amount of variation or dispersion of a set of values in a population.
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