Precision is a statistical measure of the maximum likely difference between the sample estimate and the true but unknown population total and is directly related to
A) Reliability of evidence.
B) Relative risk.
C) Confidence level.
D) Cost benefit analysis.

Question

Quizplus · Accepted Answer

Precision is directly related to confidence level, meaning that a higher level of confidence will require a higher level of precision. It is not related to reliability of evidence, relative risk or cost benefit analysis.

Precision Is a Statistical Measure of the Maximum Likely Difference