Explain the difference
between simple and compound interest and describe a scenario when
the benefits of one outweighs the other. Provide specific
examples.
) Explain the difference between a direct and indirect
observation. Provide an example of each not found in the “Error in
Surveying” reading. What is the definition of an error? Why can we
not calculate an exact error?
explain the difference between the confident interval and the
confident level. Then provide an example to show us how to
correctly interpret a confidence interval.