A businessman decides to purchase a second facility after his annual sales reach $1.500,000. In 2006, annual sales were $600,000, and in 2011, they were $1,000,000. 7 Assume that the growth is linear and calculate the rate of change. 8 Let x = 0 correspond to the year 2006. Write a linear equation that can be used to predict future annual sales after 2006. Use this function equation to determine the annual sales in the year 2020. 9.

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.