Precision Is a Statistical Measure of the Maximum Projected Difference

question 40

Multiple Choice

Precision is a statistical measure of the maximum projected difference between the sample estimate and the true but unknown population total and is directly related to

• A) reliability of evidence.
• B) relative risk.
• C) confidence level.
• D) cost benefit analysis.

---

Definitions:

Formal Language

A set of strings constructed using the formal grammar, often used in computer science, mathematics, and linguistics.

Reasonable Time

A legal standard that refers to the amount of time that is fairly appropriate, given the circumstances, to perform a certain action.

Substantial Performance

Substantial performance refers to a situation where a party has fulfilled enough of their contractual obligations to warrant payment, even if minor elements are still uncompleted.

Strict Performance

A legal concept that requires parties to completely fulfill the obligations of a contract without deviation.