ALLOWANCE FOR SAMPLING RISK Definition

Bookmark and Share

ALLOWANCE FOR SAMPLING RISK is the difference between a sample estimate and the projected population characteristic at a specified sampling risk. This allowance
is also the difference between the expected error rate and the tolerable
deviation rate.

Learn new Accounting Terms

NET CONTRIBUTION is the amount remaining after all relevant deductions have been made to the gross amount, e.g., Net Contribution to Margin.

NET, in general, is the figure remaining after all relevant deductions have been made from the starting, or gross, amount.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.