Which of the Following Is True

question 208

Multiple Choice

Which of the following is true?

• A) Researchers typically study populations because it is often too difficult to study samples.
• B) Researchers typically study samples because it is often too difficult to study populations.
• C) Researchers typically include both samples and populations in their research.
• D) Researchers typically avoid studying both populations and samples.

---

Definitions:

Risk Averse

The characteristic of preferring to avoid risk, where an individual or entity would choose a certain outcome over a gamble with a potentially higher, but uncertain, payoff.

Utility Function

A mathematical representation of how a series of choices provides a level of satisfaction to an individual.

Utility Function

A mathematical representation describing how individuals rank different bundles of goods based on the level of satisfaction or utility they provide.

Wealth

The total value of all the financial assets and physical possessions owned by an individual, household, or nation, excluding liabilities.