What Are Educated Assumptions About Future Trends and Events Called

question 96

Multiple Choice

What are educated assumptions about future trends and events called?

• A) Guesses
• B) Forecasts
• C) Facts
• D) Statistics
• E) Premonitions

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Definitions:

Confidence Level

The proportion of times that an estimating procedure will be correct if it is used repeatedly.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values diverge from the mean.

Confidence Level

The Confidence Level is the percentage that represents how often the true percentage of the population who would pick an answer lies within the confidence interval.

Mean Length

The average measurement from one end to the other of a set of objects or figures.