All of the Following Are Appropriate Benchmarks for a State

question 48

Multiple Choice

All of the following are appropriate benchmarks for a state or local government to use as a basis for comparing performance except:

• A) A government's own operating results and financial position from prior years.
• B) International City/County Management Association's Financial Trend Monitoring System results for governments of similar types and size.
• C) Federal agencies' financial information for a comparable time period.
• D) Socioeconomic and demographic trends of governments of similar types and size available from U.S. Census Bureau.

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Definitions:

Margin of Error

A measure of the range of values below and above the sample statistic in a confidence interval.

Sample Mean

The average value of a sample set of numbers, estimated from a subset of a population.

Margin of Error

Represents the maximum amount by which the sample results are expected to differ from the actual population parameter.

T Distribution

A probability distribution used in statistics for hypothesis testing, especially with small sample sizes or unknown population standard deviations.