Data in Databases Are Said to Be Volatile Because of Rounding

question 80

True/False

Data in databases are said to be volatile because of rounding errors or software apps that lack the appropriate precision when making calculations.

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Definitions:

Finite Population

A population set that contains a limited number of elements or observations.

Population Size

The total number of members or elements in a clearly defined set of people, animals, objects, or events being studied.

Standard Error

A statistical measure that quantifies the variability or precision of a sample statistic estimate of a population parameter.

Standard Deviation

A measure that quantifies the spread or variability among a set of data points compared to the average, showcasing the extent to which these points diverge.