Setting the ___________ Criteria Is Usually Based on Either Predetermined

question 43

Multiple Choice

Setting the ___________ criteria is usually based on either predetermined standards or basic statistics.

• A) return
• B) warranty
• C) acceptance
• D) specification
• E) specification.

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Definitions:

Margin of Error

An expression of the amount of random sampling error in a survey's results, indicating a range within which the true population parameter is likely to lie.

Confidence Interval

A collection of values, derived from the analysis of sample data, that is expected to cover the value of an unknown population quality.

Standard Error

A measure of the accuracy with which a sample distribution represents a population by using the standard deviation of the sample.

Confidence Interval

A set of numbers, taken from sample-based statistics, that is probable to contain the estimated value of an unspecified population parameter.