Errors or Problems in Existing Systems Can Trigger Requests for Systems

question 46

True/False

Errors or problems in existing systems can trigger requests for systems projects.

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Definitions:

Estimation

The process of finding an approximate value of some parameter—such as a mean, variance, or proportion—from a sample data set.

Population Parameters

Numeric characteristics or measures that describe an aspect of a population.

Sample Statistics

Statistics calculated from a subset of the population data, used to estimate population parameters.

Margin of Error

An expression of the amount of random sampling error in survey results.