Management expected a 10% price decrease for a raw material. Instead, the price decrease was only 5%. What type of error is this? Multiple Choice O modeling error. random error. prediction error. measurement error. Implementation error.
Management expected a 10% price decrease for a raw material. Instead, the price decrease was only 5%. What type of error is this? Multiple Choice O modeling error. random error. prediction error. measurement error. Implementation error.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![Management expected a 10% price decrease for a raw material. Instead, the price decrease was only 5%. What type of error is this?
Multiple Choice
O
modeling error.
random error.
prediction error.
measurement error.
Implementation error.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7272a207-eebf-4cda-8b79-4c91725f236f%2F7be3893b-2806-4f56-814a-d3d33d80e30b%2Flz70vzg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Management expected a 10% price decrease for a raw material. Instead, the price decrease was only 5%. What type of error is this?
Multiple Choice
O
modeling error.
random error.
prediction error.
measurement error.
Implementation error.
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