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Why is it important to define the range of accuracy

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Why is it important to define the range of accuracy, in percentage, that should be applied to any estimate? Who should set this range and who should be informed of the selected range?

Reference no: EM131202680

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Why is it important to define the range of accuracy : Why is it important to define the range of accuracy, in percentage, that should be applied to any estimate? Who should set this range and who should be informed of the selected range?
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