The Error That Occurs Because a Sample, and Not the Entire

question 38

Multiple Choice

The error that occurs because a sample, and not the entire population, is used to estimate a population parameter is a _____ error.

• A) nonsampling
• B) sampling
• C) judgment
• D) standard

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Definitions:

Bank Statement

A formal accounting by a bank of the adding and subtracting activities that have occurred in one bank account over a stated period of time (usually a month).

Check Register

A personal record book or digital log used to track checks written, deposits made, and the current balance of a checking account.

Outstanding Deposit

A credit that hasn’t yet been recorded by the bank.

Bank Statement

A financial document provided by a bank detailing the account's transactions and balance over a specific time period.