Since the Sample Size Is Always Smaller Than the Size

question 44

Multiple Choice

Since the sample size is always smaller than the size of the population, the sample mean

• A)must always be smaller than the population mean
• B)must be larger than the population mean
• C)must be equal to the population mean
• D)can be smaller, larger, or equal to the population mean

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Definitions:

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people, often measured by increases in GDP, literacy rates, and access to healthcare.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation, communication, utilities, and public services.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and operating a new business or venture to bring innovations or new products to market.

Saving and Investment

The process of setting aside money for future income or profit, including purchasing assets like stocks, bonds, or real estate.