A Probability Distribution for All Possible Values of a Sample

question 79

Multiple Choice

A probability distribution for all possible values of a sample statistic is known as a _____.

• A) sample statistic
• B) parameter
• C) simple random sample
• D) sampling distribution

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Definitions:

Inflation Rate

The rise in the cost of goods and services across an economy over a specific period, expressed as a percentage.

Potential GDP

An estimate of the maximum level of economic activity that an economy can sustain over the long term without increasing inflation.

Labor Force

Comprises all the working-age population that is employed and those unemployed but seeking employment.

Rational Expectations

The economic theory that assumes individuals make predictions about the future based on all available information and in a way that is systematically correct.