In a Sample Development by Random Selection,the Range on Either

question 221

Multiple Choice

In a sample development by random selection,the range on either side of an estimate that is likely to contain the true value for the whole population is referred to as the

• A)empirical cluster.
• B)prediction interval.
• C)regression coefficient.
• D)confidence interval.
• E)frequency coefficient.

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Definitions:

Rent

A regular payment made for the use of land, property, or equipment.

Opportunity Cost

The skipping of feasible improvements from various alternatives due to settling on one.

Own Savings

The portion of personal or household income that is not spent on consumption but is kept aside for future use, investments, or emergencies.

Economic Profit

The variance identified between overall proceeds and all-inclusive financial outgoings, inclusive of both explicit and veiled costs.