The Number of Random Samples (Without Replacement) of Size 3

question 104

Multiple Choice

The number of random samples (without replacement) of size 3 that can be drawn from a population of size 5 is

• A)15
• B)10
• C)20
• D)125

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Definitions:

Behavioral Economists

Researchers who study how psychological, emotional, and social factors affect economic decision-making.

Precise

Characterized by exactness and accuracy in expression or detail.

Evolutionary-developed

Pertains to characteristics, systems, or processes that have evolved over time through natural selection and adaptation.

Heuristics

Mental shortcuts or rules of thumb that ease the cognitive load of making a decision.