Which Statement Is True Regarding the Selection of Subjects for a Survey

question 187

Multiple Choice

Which statement is true regarding the selection of subjects for a survey?

• A) Generalization to the larger population will be fairly accurate, regardless of the way the sample has been chosen.
• B) The sample should contain important subgroups within the population in the same proportions as they are found in the larger population.
• C) The most accurate surveys are those with the largest number of subjects.
• D) If the sample is relatively large, it need not be representative.

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Definitions:

Profit Maximization

The process by which a firm determines the price and output level that returns the greatest profit, considering costs and market demand.

Short-Run Supply Curve

A graphical representation showing the relationship between the market price of a good and the quantity supplied by producers in the short term.

Optimal Output

The level of production that maximizes a company's profits or minimizes its costs, taking into account demand and production capacity.

Market Price

The present cost at which a product or service may be purchased or sold, dictated by market demand and supply.