If You Were to Graph Precision (H)and Sample Size (N),which

question 42

Multiple Choice

If you were to graph precision (H) and sample size (n) ,which of the following generalizations would be most accurate?

• A)Precision is very low with small sample sizes of 50 or below.
• B)Precision constantly increases as sample size increases;a sample of 2,000 is four times more precise than a sample of 500.
• C)Precision increases rapidly when sample size increases up to about 500 and then begins to level off.
• D)Precision and sample size have nothing to do with each other,therefore graphing them make no sense
• E)Both b and c are true.

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Definitions:

Benchmarking

A method of measuring the performance of a company's products, services, or processes against those of another business considered to be the best in the industry.

Purchasing Process

A series of steps taken by organizations to acquire goods or services, typically including identification of needs, selection of suppliers, negotiation, and payment.

Industrywide Standards

Established norms or criteria within an industry that ensure quality, compatibility, and interoperability among products or services.

Baseline Metrics

Fundamental measurements or standards used for comparison or as a starting point to assess performance over time.