The Process of Selecting Elements from a Population, Collecting Data

question 40

Multiple Choice

The process of selecting elements from a population, collecting data from them, and using it as representative of all those a researcher is interested in is referred to as

• A) hypothesis generation.
• B) sampling.
• C) information gathering.
• D) statistical inference.
• E) probability extrapolation.

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Definitions:

Open Market Operations

Operations by a central bank to buy or sell government bonds, corporate bonds, or equities.

Central Bank

A major financial institution responsible for overseeing the monetary system of a nation or group of nations, controlling inflation, issuing currency, and setting interest rates.

Government Bonds

Securities issued by a government to raise funds from the public with a promise to pay periodic interest payments and to return the face value on maturity.

Inflation

An economic condition characterized by a general increase in prices and fall in the purchasing value of money.