What type of statistical error is being made in the following statement? "If this uphill linear trend continues, 50 years from now, one out of every three of us will be an Elvis impersonator."
A)Extrapolation
B)Exaggeration
C)Overprediction
D)Expectation

Question

Quizplus · Accepted Answer

The error being made in the statement is extrapolation, as it assumes that a linear trend observed in the present will continue unchanged into the future, without accounting for potential changes in factors that could affect the trend over time. Additionally, the statement seems to be an exaggeration, but this is not a specific type of statistical error. Instead, it is a potential consequence of extrapolation and overprediction. Expectation is not a type of statistical error, but rather a general term for the anticipated outcome of an event or experiment. Overprediction is a type of statistical error, but it is not the primary error being made in this statement.

What Type of Statistical Error Is Being Made in the Following