A Sample of 92 Observations Is Taken from an Infinite

question 61

Multiple Choice

A sample of 92 observations is taken from an infinite population. The sampling distribution of is approximately

• A) normal because is always approximately normally distributed.
• B) normal because the sample size is small in comparison to the population size.
• C) normal because of the central limit theorem.
• D) none of these alternatives is correct.

---

Definitions:

User Cost

The cost of utilizing a good or service, considering the opportunity cost of not using the asset in an alternative way.

User Cost

The opportunity cost of using a good, service, or resource, including the cost of foregoing the next best alternative use.

Extraction Cost Curve

Illustrates the relationship between the quantity of a resource extracted and the cost of extraction, typically showing increasing costs as more of the resource is extracted.

Marginal Extraction Costs

The additional costs incurred for extracting one more unit of a resource, which may increase as the resource becomes scarcer.