statistical problem
Definition
A problem that is dissected and carried out by first gathering facts and data analysis related to the process as a whole. The statistical problem often includes issues of probability, sampling, estimation and inferential statistics, enabling a team to develop the most effective project map within a problem-solving framework. For example, a manufacturer who produces cars and is looking to paint those cars may consult a wide range of individuals, including painters, supervisors, paint representatives or similar experts to gather all the information necessary for the process to be successful.
Related Articles
- Pros and Cons of Leasing vs Buying a Vehicle *
- What is a Limited Liability Company (LLC)? *
- Investing In Forex Options *
- Securing Financing for the Purchase of your Car *
- Currency and Precious Metals as Investments *
- Work Study as a Component of Educational Planning *
- What is a non-profit corporation? *
- All ETFs Are Not Equal *
Related Videos
http://www.businessdictionary.com/definition/statistical-problem.html


