Practice Quiz

Lean Bronze

Category - Continuous Improvement

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In statistics, a sample statistic is one that takes a subset of individuals from within a statistical population to estimate characteristics of the whole population. In statistical analysis the mean value tells the ____________ and variation tells the _________of an action.
  1. Expected performance, consistency.
  2. Forecasted performance, reliability.
  3. Past performance, duration.
  4. Current performance, subjectivity.
Explanation
Answer: D - In statistics, a sample statistic is one that takes a subset of individuals from within a statistical population to estimate characteristics of the whole population. In statistical analysis, the mean value tells the current performance and variation tells the subjectivity of an action.
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