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Stratified Sampling

What is Stratified Sampling? In Stratified Sampling, researchers divide a sample based on specific characteristics, such as race, gender, and location, into homogeneous subpopulations, called strata. Each member of the studied population should belong to exactly one...

Time Series Plot

A time plot helps you see trends, patterns, or changes in data collected at regular time intervals—like daily, monthly, or yearly. Time plots are one of the most valuable tools in data analysis, particularly when working with data that unfolds over time. Whether...

Reengineering

What is Reengineering? Re-engineering is also called reverse engineering or a process that analyzes, designs, and modifies existing systems in order to improve quality, performance, and maintainability. What is Business Process Reengineering? Business Process...

Random Sampling

What is Random Sampling? Random Sampling is a data collection and analysis method that selects a representative sample from a large population. The name random sampling comes from the fact that the data set chosen is a random selection where each member of the...

Management-by-Fact

Management-by-Fact It is an important component of the total quality management system for a company. All workers and managers gather and document data related to the tasks they perform, and then analyze this information to improve their decision-making...
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