In a Sample of 800 Students in a University, 240

question 24

Multiple Choice

In a sample of 800 students in a university, 240 or 30% are Business majors. The 30% is an example of

• A) a sample.
• B) a population.
• C) statistical inference.
• D) descriptive statistics.

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Definitions:

Illegal

Actions or activities that are forbidden by law, which can lead to penalties or punishment if one is caught and convicted.

Legal But Unethical

Actions or practices that may not violate laws but are considered wrong or inappropriate according to ethical standards.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts. The process begins with a petition filed by the debtor or on behalf of creditors.

Top Management

The highest level of managers and executives in an organization who are responsible for making overarching decisions and establishing policies.