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What is the difference between observed most probable and true value of a quantity?
The difference between the observed and the true value is the error.
The most probable value depends on how it is defined and calculated. The maximum likelihood estimate (MLE) is often used but there are situations where it is not the most probable.
For example, you are in a town where the bus routes are numbered sequentially. You want to know how many routes there are and so you observe the route numbers on a sample of buses. The MLE is the largest number that you observe but, in reality, there is no mechanism that will ensure that the bus with the largest route number is in your sample.
What else can I help you with?
What is The percent difference between an observed value and its actual value?
It is the observed error.
The difference between an observed or calculated value and a true value?
error
Difference between functional flexibility and numerical flexibility?
Managing the quantity of labour used
What is the difference between empirical and theoretical probability?
Empirical anything is what is observed. Theoretical is a calculation of what things ought to be.
What is the difference between an estimation and an approximation?
estimation is to think of an answer before measuring the quantity and approximation is to round off.
The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the?
The difference between actual quantity and standard quantity is called the material quantity variance.
What is The percent difference between an observed value and its actual value?
It is the observed error.
What the difference between a pie and tartlet?
The treatment effect is the difference between the observed outcome and the "normal" outcome
What is the difference between sowing and planting?
The treatment effect is the difference between the observed outcome and the "normal" outcome
What is the difference between quantity and quality?
same as quantity is something of everything and quality is everything of something
Difference between change in supply and change in quantity supply?
no
The difference between an observed or calculated value and a true value?
error
Difference between an increase in Supply and an increase in quantity supplied?
check your answer
What is inventory variance?
An inventory variance report shows the difference between previous recorded inventory quantity and correct inventory quantity which is discovered immediately after a physical count. It also reports on the value difference the quantity variances caused.
Difference between quantity and quality?
Quantity is how much of something that you have. Quality is how long something lasts or how "good" it is.
Difference between functional flexibility and numerical flexibility?
Managing the quantity of labour used
Is there any difference between sales volume variance and Sales Quantity Variance?
Yes
