A Diamond Symbol in a Flowchart Indicates

question 7

Multiple Choice

A diamond symbol in a flowchart indicates

• A) evaluation with more than one possible outcome.
• B) decision.
• C) both (a) and (b).
• D) neither (a) nor (b).

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Definitions:

Error of Estimation

The difference between an estimated value and the true value, often used in statistics to assess the accuracy of estimations.

Estimated Parameter

In statistics, a value derived from a sample that estimates a population parameter.

Estimate

An approximation or prediction of a value based on sample data.

Interval Estimate

An interval of values, taken from data sampling, expected to capture the value of a not-yet-known population measure.