Examlex
________ is the ability to accelerate or decelerate the rate of production quickly to handle large fluctuations in demand.
Probability P
The likelihood of a specific event occurring, often denoted as a number between 0 and 1.
Standard Deviation
A statistic that measures the dispersion or variability of a dataset relative to its mean, indicating how spread out the data points are.
Margin Of Error
The range within which the true value lies in statistical sampling, with a certain level of confidence.
Confidence Intervals
A span of numbers that predicts the actual value of a population statistic within a certain confidence level.
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