Unit #4 – Lesson #7 Exit Ticket: The value of an investment increased by 11.8% after 5 years of the money being invested. Answer the following. (a) Find the percent that the investment rose each year, to the nearest tenth of a percent. (b) Using your answer from (a), predict the percent the investment will increase over 20 years. Round your answer to the nearest percent.

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.