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We've conducted an analysis of 1200 customers from a total customer base of 2 million. Those 1200 customers were randor selected, and we indicate a margin of error for our results of 3% What does the margin of error represent? The core inferential ratio The error estimate around each estimate in the analysis

We've conducted an analysis of 1200 customers from a total customer base of 2 million. Those 1200 customers were randor selected, and we indicate a margin of error for our results of 3% What does the margin of error represent? The core inferential ratio The error estimate around each estimate in the analysis

MATLAB: An Introduction with Applications
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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We've conducted an analysis of 1200 customers from a total customer base of 2 million. Those 1200 customers were randomly selected, and we indicate a margin of error for our results of 3%. What does the margin of error represent? The core inferential ratio The error estimate around each estimate in the analysis The likelihood that our estimates are incorrect The inverse of our confidence level, that is 97% The change in estimates over the next 12 months
Transcribed Image Text:We've conducted an analysis of 1200 customers from a total customer base of 2 million. Those 1200 customers were randomly selected, and we indicate a margin of error for our results of 3%. What does the margin of error represent? The core inferential ratio The error estimate around each estimate in the analysis The likelihood that our estimates are incorrect The inverse of our confidence level, that is 97% The change in estimates over the next 12 months
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