Examlex

Solved

A Simple Random Sample of Size N from an Infinite

question 13

Multiple Choice

A simple random sample of size n from an infinite population of size N is to be selected. Each possible sample should have _____ of being selected.


Definitions:

Production Possibilities

Different combinations of goods and services that an economy can produce efficiently with its available resources and technology.

Diminishing Returns

The principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.

Marginal Product

The increase in output resulting from a one-unit increase in the input of a production factor, holding all other inputs constant.

Marginal Product

The additional output resulting from one more unit of a given input, holding all other inputs constant.

Related Questions