A Statistic That Is Generalized from a Sample Will

question 76

Multiple Choice

A statistic that is generalized from a sample will:

• A)be completely useless
• B)be completely accurate
• C)always be misleading
• D)have a margin of error
• E)be more reliable than one based on a complete enumeration

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Definitions:

Par Value

A nominal value assigned to a security or stock, often used to calculate dividends or interest.

Interest

The cost of borrowing money or the compensation paid for the use of money, usually expressed as an annual percentage rate.

Premium

The amount paid for an insurance policy, or the amount by which a bond or stock sells above its par value.

Par Value

The nominal or face value of a stock or bond as stated by the issuing company, which may differ from its market value.