A Simple Random Sample of Size N from a Finite

question 22

Multiple Choice

A simple random sample of size n from a finite population of size N is a sample selected such that each possible sample of size​

• A) ​N has the same probability of being selected.
• B) ​n has a probability of 0.5 of being selected.
• C) ​n has a probability of 0.1 of being selected.
• D) ​n has the same probability of being selected.

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Definitions:

Budget Constraint

Represents the limitations on the choices consumers can make, given their income and the prices of goods and services.

Indifference Curve

A curve that shows consumption bundles that give the consumer the same level of satisfaction

Absolute Price

The price of a good or service without taking inflation or purchasing power into account.

Indifference Curves

A graph showing different bundles of goods between which a consumer is indifferent, pointing out the preferences of the consumer for one combination of goods over another.