The Concept of Utility Is Fundamental to Utilitarianism and Describes

question 475

Multiple Choice

The concept of utility is fundamental to utilitarianism and describes the

• A)optimal distribution of wealth in society.
• B)level of satisfaction derived from a person's circumstances.
• C)method by which society chooses to allocate resources.
• D)method whereby wealth is stored.

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Definitions:

Sampling Bias

A statistical bias that occurs when the sample is not representative of the population from which it was drawn.

Representative Sample

A subset of a population that accurately reflects the members of the entire population.

Stratified Sample

A sampling method that divides the population into subgroups and selects samples from each, ensuring representation.

Cross-sectional Sample

A sample that is taken at one specific point in time from a population to study its characteristics.