Examlex
A cost that could not possibly be classified as irrelevant to a business decision is known as:
Standard Error
The standard deviation of the sampling distribution of a statistic, often used to measure the precision of a sample mean.
Margin of Error
A statistic expressing the amount of random sampling error in a survey's results, indicating a range within which the true population parameter is likely to lie.
Confidence Interval
A set of values obtained from sample data, which is expected to encompass the value of an unspecified population parameter.
Margin of Error
A statistic expressing the amount of random sampling error in a survey's results, representing the range within which the true population parameter is likely to lie with a certain degree of confidence.
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