The Fact That a Sample Statistic May Not Equal the Value

question 87

Multiple Choice

The fact that a sample statistic may not equal the value of its corresponding population parameter is said to be the result of:

• A)sampling error
• B)systematic error
• C)random error
• D)parametric error

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Definitions:

Profit-Sharing

A company policy of distributing a portion of net profits among its employees as a form of incentive and reward.

Annual Profit

The financial gain or earnings of a business or individual for one full year after all expenses have been subtracted from total revenues.

Future Value

The estimated value of an investment at a specific date in the future, taking into account factors like interest rates or returns.

Compounded Annually

A system of calculating interest where the accumulated interest is added to the principal at the end of each year, resulting in interest earning interest in subsequent periods.