Sample accuracy refers to how close a random sample's statistic is to the population's value it represents.

Name: Sample accuracy refers to how close a random sample's statistic is to the population's value it represents.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

Sample accuracy is defined as the degree to which a sample statistic (such as mean, variance, etc.) represents the corresponding population parameter. It indicates how close the sample estimate is to the true population value.

Sample Accuracy Refers to How Close a Random Sample's Statistic