The Key Factors in Determining the Accuracy of an Opinion

question 41

Multiple Choice

The key factors in determining the accuracy of an opinion poll are the

• A)population size and the sample size.
• B)sample size and the timeline over which the sample was taken.
• C)size of the sample and whether the sample was selected from the population by a random method.
• D)sample size and whether the sample has the same percentage of men and women as the population.
• E)anonymous nature of the sampling process and sample size.

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Definitions:

Total Utility

The total satisfaction received from consuming a certain amount or combination of goods and services.

Money Income

The total amount of monetary earnings or receipts received by an individual or household from various sources before taxes.

Utility-Maximizing

Utility-maximizing is a principle in economics where individuals or entities choose the options that provide the highest satisfaction or utility from the available choices, given their preferences and constraints.

Substitute Goods

Products or services that can be used in place of each other. When the price of one falls, the demand for the other product falls; conversely, when the price of one product rises, the demand for the other product rises.