If a Company Has Sales of $250 in 2015 and $225

question 64

True/False

If a company has sales of $250 in 2015 and $225 in 2016,the percentage decrease from 2015 to 2016 is 10%.

---

Definitions:

Interval Estimation

A range within which a population parameter is estimated to lie, based on sample data and a certain level of confidence.

Standard Deviation

The statistic that measures the dispersion of a dataset relative to its mean and is calculated as the square root of the variance.

Margin of Error

A measure of the range of values below and above the sample statistic in a confidence interval.

Sample Mean

The average value of a sample set of numbers, estimated from a subset of a population.