## Margin of Error

Subject: Business Statistics | Topics:

Margin of Error is often used in non-survey contexts to indicate observational error in reporting measured quantities. In a confidence interval, the range of values above and statistic expressing the amount of random sampling error in a survey’s results is called the margin of error. It is not expressed as an “absolute” quantity; rather it is expressed as a “relative” quantity. It does not represent other potential sources of error or bias such as a non-representative sample-design, poorly phrased questions, people lying or refusing to respond, the exclusion of people who could not be contacted, or miscounts and miscalculations.

### Limitations of statistics

Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation, and presentation of data. Statisticians improve the quality of data with the design of experiments and survey sampling. Statistics does not deal with isolated measurement Statistics deals w.....

### Report on Poultry Industry and its Aspect in Bangladesh

EXECUTIVE SUMMARY In the report “Poultry Industry of Bangladesh– A Strategic Analysis of Poultry Product Marketing of C.P. Bangladesh Co. Ltd.”, it has tried to find out the prospects and the problems of the poultry industry. This report will help the new entrepreneurs and small scale poult.....

### Development of Alternative Dispute Resolution in Bangladesh

Introduction In June 2000, formalized ADR was introduced in Bangladesh by means of court- annexed judicial settlement pilot projects, in an effort to decrease delays, expenses, and the frustrations of litigants laboring through the traditional trial process. The pilot program began in a collabora.....

### Is Statistics Science or Art

Science refers to a systematized body of knowledge. It studies cause and effect relationship and attempts to make generalization in the form of science principles or laws. Statistics is an art as well as a science, so it’s important to use it as you would any other tool: you have to know what y.....

### Report on Real Estate Business in Bangladesh

INTRODUCTION Being one of the most densely populated countries of the world with a huge population, Bangladesh has already surrendered nearly 25°/o of its land to human settlements and related uses. With the current 30 million urban populations, the shares of urban land are about 2 percent of al.....