Author Question: What are absolute and relative precision?[br][br][b][color=red]Question 2[/color][/b][br][br]A ... (Read 56 times)

craiczarry · **on:** Jun 29, 2018

What are absolute and relative precision?

Question 2

A researcher is creating a table to present to a client that gives the number of respondents selecting the various product concepts of interest in the study. The client will use this information in the decision of which product concept to pursue. This table is referred to as a _____.
a. frequency table
b. concept table
c. results table
d. decision table

prumorgan · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

Absolute precision is the width of the confidence interval about a mean. Relative precision is when the precision is expressed in percentages.

Answer to Question 2

A