Inferential Statistics Tell Us That as Long as We Are

question 15

Multiple Choice

Inferential statistics tell us that as long as we are prepared to accept a known level of uncertainty in our projections, ______.

• A) we do not need huge sample sizes
• B) we do need huge sample sizes
• C) sample size is irrelevant
• D) we can use any sampling method

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Definitions:

Chartered Professional

A designation given to qualified members of professional bodies that meet certain criterion of competence and ethics.

Human Resources Competency Framework

A structured system that outlines the key skills, behaviors, and attributes required by human resources professionals to effectively perform their roles.

Strategy

A comprehensive plan or set of actions designed to achieve specific goals and objectives, often developed by organizations to guide long-term decision-making.

Actual Costs

Expenses that have been incurred, as opposed to estimated or standard costs.