Examlex
If the official unemployment rate increases from February to March because of sluggish sales in the automobile industry,then the increase can be blamed on:
Sampling Error
Refers to the difference between the population parameter and the sample statistic due to the fact that the sample is not a perfect representation of the population.
Statistical Error
The difference between a measured or observed value and the true value, often arising from sampling or measurement limitations.
Random Factors
Variables in an experiment that are randomly varied to assess their incidental effects on the outcome, as opposed to systematically manipulated factors.
Gold Medal
An award for the first-place finisher in a competition, often used in the context of the Olympic Games.
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