When Estimating a Population Parameter by Using a Sample Statistic,the

question 25

Multiple Choice

When estimating a population parameter by using a sample statistic,the ________ is the desired size of the estimating interval.This is the maximum permissible difference between the sample statistic and the population parameter.

• A)statistic
• B)precision level
• C)finite population correction
• D)parameter

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Definitions:

Manipulated

Being controlled or influenced in an unfair or dishonest way.

High Levels

Refers to a state or condition of exceeding average or normal ranges, which can apply to various contexts such as performance, intensity, or degree.

Decision Making

The action or process of identifying a strategy to resolve problems.

Risk-taking Propensity

The tendency of an individual or organization to engage in behaviors that have the potential for both significant reward and significant risk.