When Generalizing the Results of a Sample to a Population

question 43

Multiple Choice

When generalizing the results of a sample to a population, which of the following is the most important question to ask?

• A)Where were the participants tested?
• B)How many participants were in the sample?
• C)How were the participants sampled?
• D)Do the participants come from the "real world"?

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Definitions:

Gain on Sale

The financial benefit that occurs when the selling price of an asset exceeds its original purchase price.

Loss on Sale

Loss on Sale occurs when the selling price of an asset is less than its carrying amount on the books, resulting in a financial loss.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired, representing its decrease in value.

Gain on Sale

The profit earned from selling an asset for more than its book value or purchase price.