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Submission declined on 28 February 2025 by KylieTastic (talk).
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In statistics the rule of five is a statistical rule of thumb used to quickly estimate the median of a population. It states that there is a 93.75% chance that the true median of a population lies between the smallest and largest values in any random sample of five taken from that population.
The rule of five offers a way to reduce uncertainty and make faster business decisions without extensive data collection. Instead of surveying an entire population, the rule of five involves selecting a random sample of five members to represent the population. This statistical tool is used across disciplines like business research[1], software engineering[2], statistical computing[3], data analytics[4], and social research[5].
- ^ Cite error: The named reference
Amadio_et_al_2014was invoked but never defined (see the help page). - ^ Cite error: The named reference
Dartus_2024was invoked but never defined (see the help page). - ^ Cite error: The named reference
Jacobs_2014was invoked but never defined (see the help page). - ^ Cite error: The named reference
TechTarget_2018was invoked but never defined (see the help page). - ^ Cite error: The named reference
NFS_Consulting_2010was invoked but never defined (see the help page).
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