The Absolute Value of the Difference Between the Point Estimate

question 122

Multiple Choice

The absolute value of the difference between the point estimate and the population parameter it estimates is

• A)the standard error
• B)the sampling error
• C)precision
• D)the error of confidence

Differentiate between progress reports and status reports and their respective purposes and audiences.

Practice ethical communication in professional reporting, particularly regarding deadlines and reporting problems.

Understand different types of informational reports and their purposes.

Distinguish between various organizational patterns used in informational reports.

---

Definitions:

Standard Deviation

A metric that quantifies the spread or variation of a dataset in comparison to its average value.

Normal Model

A probability distribution that is symmetrical around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Standard Deviation

A criterion for evaluating the extent of scattering or variation present in a dataset.

Probability

A quantification of the probability that a specific event will take place, commonly represented as a value ranging from 0 to 1.