A Sampling Error That Occurs When the Sample Chosen to Complete

question 6

Multiple Choice

A sampling error that occurs when the sample chosen to complete a survey does not provide a good representation of the population is called:

• A) nonresponse error
• B) coverage error
• C) social desirability bias
• D) testing effects

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Definitions:

Overconfidence

Overestimating an individual’s prospects or abilities.

Investor

refers to an individual or entity that allocates capital with the expectation of receiving financial returns.

Risk

The exposure to uncertainty or the potential for financial loss and variability in investment returns.

Probability

A measure of the likelihood of a certain event or outcome, typically expressed as a number between 0 and 1.