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"People of the same trade seldom meet together,even for merriment and diversion,but their conversation often ends in a conspiracy against the public." This quote from Adam Smith is referring to which of the following business relationship terms?
Margin Error
An expression of the amount of random sampling error in a survey's results, which describes the range within which the true value lies with a certain level of confidence.
Margin Error
The maximum expected difference between the true population parameter and a sample estimate of that parameter.
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, often expressed in terms of a percentage indicating the degree of confidence.
Random Sampling Errors
Variability in sample statistics from sample to sample due to the method of choosing a random subset of the population.
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