A Statistical Fluctuation That Occurs Because of Chance Variation in the Elements

question 59

Multiple Choice

A statistical fluctuation that occurs because of chance variation in the elements selected for a sample is known as a:

• A) systematic error.
• B) random sampling error.
• C) self-selection error.
• D) non-sampling error.

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Definitions:

Accession

Accession is the act of agreeing to or adhering to an international treaty or the process of adding to one's possessions or territory.

Increase Value

To enhance the worth or price of something through improvements or through natural economic factors.

Diamond

A precious gemstone made of crystallized carbon, known for its extreme hardness and light-reflecting qualities.

Acquisition

The process of obtaining control of another company by purchase or exchange of stock.