The Main Reason That Samples Fail to Accurately Represent the Population

question 33

Multiple Choice

The main reason that samples fail to accurately represent the population of interest is because

• A) the population is not homogeneous.
• B) there is sampling error.
• C) the wrong sampling technique was used.
• D) the sampling frame was too large.
• E) the sample was biased.

Learn about the just noticeable difference (jnd) and its application in perception.

Comprehend the physiological and psychological mechanisms involved in the perception of light and colour.

Understand the basic physical and behavioral characteristics of primates.

Distinguish between the different primate groups and their classifications.

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Definitions:

Alfred Marshall

A prominent British economist known for his significant contributions to the principles of microeconomics.

Purely Competitive Firm

A company that operates in a market where there are many buyers and sellers, each selling a homogeneous product with no single seller or buyer having the market power to influence prices.

Long-run Equilibrium

A state in which all economic forces such as supply and demand are balanced, and all firms are producing at a level where no new entrants will disrupt the market.

Minimum ATC

The lowest point on the average total cost curve, representing the most efficient scale of production for a firm.