College Math CLEP Prep Practice Exam

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What is the term for the degree of accuracy of an approximation?

Factor
Precision
Evaluation
Approximation

The correct answer is: Precision

Precision is the term used to describe the degree of accuracy of an approximation, where the approximation is close to the actual value. A is incorrect because factor refers to a number or quantity that when multiplied with another, gives a specified result. C is incorrect because evaluation refers to assessing or judging the result of a process. D is incorrect because approximation is the value used to represent something that is not known exactly.