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i. If the sample size keeps getting larger and larger and finally equals the size of the population, there would be no error in predicting the population mean because the sample size and the size of the population would be the same.
ii. A simple random sample assumes that each item or person in the population has an equal chance of being included.
Iii) We can expect some difference between sample statistics and the corresponding population parameters. This difference is called the sampling error.
Liability for Negligence
The legal responsibility for harm caused by failing to act as a reasonable person would under similar circumstances.
Third Party Beneficiaries
Individuals or entities who are not parties to a contract but stand to benefit from its execution or its terms.
Accountant
A professional who performs accounting functions such as audits or financial statement analysis.
Client
A client is an individual or entity that engages the professional services or advice of another, establishing a professional relationship.
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