The Process of Selecting a Random Sample from a Population

question 126

Multiple Choice

The process of selecting a random sample from a population in order to infer characteristics about that population is called:

• A)statistical sampling.
• B)spot- checks.
• C)random inspection.
• D)mathematical modeling.

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Definitions:

Generation

A group of people born and living during the same time, often used to discuss and analyze societal shifts and trends.

Birth Per Woman

The typical amount of offspring a woman is expected to have in her lifetime, assuming present fertility rates remain constant.

Natural Resource Markets

Markets that deal with the buying, selling, and trading of resources that occur naturally, such as water, oil, coal, and forests.

Shortages

A market condition in which the demand for a product exceeds its supply, often leading to increased prices and wait times for the product.