In Statistics,we Define a Sample As

question 40

Multiple Choice

In statistics,we define a sample as:

• A)people living in one city only
• B)the target population
• C)all items under investigation
• D)a portion of the population

Differentiate between elastic, inelastic, and unitary elasticity of demand.

Identify the relationship between income changes and the demand for goods.

Understand the impact of price changes on total revenue.

Distinguish between inferior goods, normal goods, and luxury goods based on income elasticity.

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Definitions:

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for conserving energy as it slows the heart rate, increases intestinal and gland activity, and relaxes sphincter muscles in the gastrointestinal tract.

Sympathetic Nervous System

A division of the autonomic nervous system that controls the body's responses to perceived threats by activating the fight-or-flight response.

Parasympathetic

The part of the autonomic nervous system responsible for rest and digestion, counterbalancing the sympathetic system.

Nervous System

The part of an animal's body that coordinates its actions and transmits signals to and from different parts of its body, including the brain, spinal cord, and nerves.