The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

The T-Value is a common statistical calculation with a very wide range of applications. In the business world, it can help in making educated financial predictions and projections. For example, a ...

Bounds are presented for the maximal deviation in finite populations between sample and population means in units of (a) the population mean deviation, (b) the population range, and (c) the population ...

While Excel is useful for many applications, it is an indispensable tool for those managing statistics. Two common terms used in statistics are Standard Deviation and ...

The problem considered is that of estimating the mean and standard deviation of a normally distributed population from a truncated sample when neither count nor measurements of variates in the omitted ...