Surveying About _____ Will Enable a Survey Researcher to Be

question 37

Multiple Choice

Surveying about _____ will enable a survey researcher to be 95 percent confident of describing the entire population,with only a 3 percent margin of error.

• A)12,000 randomly assigned participants
• B)1,200 randomly selected participants
• C)one-third of the total population
• D)one-twelfth of the total population

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Definitions:

Supply Function

A mathematical relation showing the amount of goods a supplier is willing and able to provide to the market at various prices, holding all other factors constant.

Demand Function

A demand function quantifies the relationship between the price of a good and the quantity demanded by consumers, holding other factors constant.

Supply Curve

A supply curve graphically represents the relationship between the price of a good and the quantity of the good that producers are willing and able to supply, typically sloping upwards.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically sloping downward from left to right.