If You Divide the Number of Elements in a Population

question 1

Multiple Choice

If you divide the number of elements in a population with a specific characteristic by the total number of elements in the population,the dividend is the population:

• A)mean
• B)proportion
• C)distribution
• D)sampling distribution

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Definitions:

Opportunity Cost

The skipping of feasible improvements from various alternatives due to settling on one.

Own Savings

The portion of personal or household income that is not spent on consumption but is kept aside for future use, investments, or emergencies.

Economic Profit

The variance identified between overall proceeds and all-inclusive financial outgoings, inclusive of both explicit and veiled costs.

Investment Return

The gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.