Determine Whether the Source of Error Represents Random or Systematic

question 175

Multiple Choice

Determine whether the source of error represents random or systematic error.
-You time how long you spend working out each day. Your watch is running slow and loses one minute each hour.

• A)Systematic error
• B)Random error

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Definitions:

Joint Control Agreement

An agreement between two or more parties to share control over strategic financial and operating decisions of a venture.

Profit

The financial surplus remaining after subtracting total expenses from total revenue.

Joint Control

A situation in which two or more parties have agreed to share control over an economic activity or entity.

Unilateral Control

The exclusive power or authority one entity or country holds over another, without requiring consent or cooperation from the latter.