The Error That Occurs When the Number $272

question 32

Short Answer

The error that occurs when the number $272.00 is written as $27.20 is called a(n)________ error.

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Definitions:

Test Statistic

A value calculated from sample data that is used in a hypothesis test to decide whether to reject the null hypothesis.

T Test

A statistical hypothesis test used to compare the means of two groups and determine if they come from the same population by analyzing the difference.

T Value

A value calculated in a t-test that assesses the difference between two means relative to the variation in the data.

Critical Value

The threshold or point on the test distribution that is compared with the test statistic to determine whether to reject the null hypothesis.