ECONOMICS

Detailed explanation-1: -The most common causes of human errors include lack of training, poor communication, fatigue, stress, distractions, and faulty equipment.

Detailed explanation-2: -Occurs if the result from a calculation is too large to be stored in the allocated memory space. For example if a byte is represented using 8 bits, an overflow will occur if the result of a calculation gives a 9-bit number.

Detailed explanation-3: -Expert-Verified Answer The issues which may happen or cause the error are the accompanying:-Data Acquisition – Deterioration of information can happen at the data entry stage.-Internal Data Processing – Internal procedures can make data wind up obsolete or wrong after some time.

Detailed explanation-4: -Error (statistical error) describes the difference between a value obtained from a data collection process and the ‘true’ value for the population. The greater the error, the less representative the data are of the population. Data can be affected by two types of error: sampling error and non-sampling error.

Detailed explanation-5: -Processing error includes processing-related errors in data capture, coding, editing and tabulation of the data. This section describes the processes used and the quality assurance apparatus that is employed to avoid bias in processing, and to limit the incidence of variance.