In Research, to Generalize One's Findings to a Total Population

question 106

Multiple Choice

In research, to generalize one's findings to a total population, what is the most important quality that the sample must possess?

• A) It must include at least 25 percent of the total population.
• B) It must be representative of the total population.
• C) It must consist of people who are selected and people who volunteer.
• D) It must be quantitative in order to make comparisons.

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Definitions:

Non-collusive Oligopolist

A firm in an oligopoly market structure that independently sets prices and output levels without secret agreements with competitors.

Marginal Cost

The increase in cost that comes from making one more unit of a product or service.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a balance in the market.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where market supply equals demand.