The agreement stated that failure to pay rental and other amounts would constitute a breach of the lease agreement, she explains. According to the STTB case summary, when the lease expired and the parties had meetings to sign a new lease, the drafts were drawn up but were never signed. Jamadu continued to pay rent to Winkelshoek at the increased amount but were sometimes late with their payments.
Glossary of Terms. 1  Statistics - a set of concepts, rules, and procedures that help us to: organize numerical information in the form of tables, graphs, and charts; understand statistical techniques underlying decisions that affect our lives and well-being; and. make informed decisions.
Statistics and Probability Dictionary. Select a term from the dropdown text box. The online statistics glossary will display a definition, plus links to other related web pages. Select term: Precision. Precision refers to how close estimates from different samples are to each other. For example, the standard error is a measure of precision. When the standard error is small, estimates from different samples will be close in value; and vice versa. Precision is inversely related to standard error.