Examlex
A firm can survive in the long run only if its products are sold below cost.
Sampling Error
The discrepancy between the statistical measures of a sample and the actual parameters of the whole population.
Sample
A group chosen from the larger population for the purpose of collecting statistical data through observation or questioning.
Population
The entire group of individuals or items that is the subject of a statistical analysis.
Nonresponse Error
The bias that occurs in survey statistics when individuals selected for the survey do not respond and their nonresponse is related to the measure of interest.
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