Examlex
If the business records a number as 971 and it should be 179, this error would be called:
Population Mean
The average of all the values in a population.
Sampling Distribution
The distribution of a statistic (such as the mean) computed from a sample, over repeated sampling from the same population.
Variability
The extent to which data points differ from each other and from the mean of the data set.
Sampling Distribution
The distribution that indicates the probabilities of a given statistic, which is acquired from a random sample.
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