The degree of confidence with, which it is asserted that a particular value of the population lies within the certain limits is known as the . . . . . . . .
A. parameter
B. level of confidence
C. level of significance
D. level of standard error
Answer: Option B
Related Questions on Business Statistics and Research Methods
A. The central limit theorem
B. The law of statistical regularly
C. The law of inertia of large numbers
D. None of the above
The difference between sample statistic and its corresponding population parameter is
A. Sampling error
B. Measurement error
C. Coverage error
D. Non-response error
A. Both (A) and (R) are true
B. (A) is true, but (R) is false
C. (A) is false, but (R) is true
D. Both (A) and (R) are false

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