According to the Discussion of Sample Size and Representativeness

question 71

Multiple Choice

According to the discussion of sample size and representativeness,

• A) a small sample is more reliable than a large sample.
• B) when a sample is large, people trust the results more than they should.
• C) people tend to pay too much attention to the base rate.
• D) people frequently commit the small-sample fallacy.

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Definitions:

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the parties to be enforceable.

Memorandum

A written record or communication used in office or administrative support systems.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.

Oral Agreement

A verbal commitment between parties that is not recorded in written form but may still be legally binding.