ALLOWANCE FOR SAMPLING RISK Definition

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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.

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DISCOUNT ALLOWED, normally, is a reduction of the invoice amount for early payment of the invoice value.

CARTAGE/CARRIAGE OUTWARDS Occurs when a business pays for sold goods to be delivered to its customers premises.

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