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The optimal level in the trade-off between measurement and error costs is when (0.5pts) measurement costs are greater than error costs. measurement costs and error

The optimal level in the trade-off between measurement and error costs is when

(0.5pts)

measurement costs are greater than error costs.

measurement costs and error costs are minimized.

measurement costs are less than error costs.

the total of measurement costs and error costs are maximized.

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