Evaluate the Following Generalization(s), Identifying Sample, Population, Attribute of Interest

question 146

Essay

Evaluate the following generalization(s), identifying sample, population, attribute of interest, and the extent to which the claims involved are knowable. Consider carefully the size and diversification of the sample and the extent to which the population differs or may differ from the sample; remember, what's important is that the sample be representative.
ATLANTA (UPI)-A long-term federal study by the National Centers for Disease Control of 13 million U.S. births shows increases in the rate of eleven different types of birth defects, including a 17.5 percent yearly average increase in patent ductus arteriosus and a 10.8 percent increase for ventricular septal defects, over a fourteen-year period. The study was conducted by the Birth Defects Monitoring Program of the CDC, which collected its data from hospitals across the country. From 1970 to 1983, over 13 million births were monitored. [An adaptation]

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Definitions:

Money Supply

The entire amount of cash and cash equivalents present in an economy at a designated time, including money in the form of coins, notes, and funds held in checking and savings accounts.

Money Multiplier

A factor that quantifies the amount of additional money that can be created in a bank's lending process for a given amount of reserves.

Excess Reserves

Excess reserves are the capital reserves held by a bank or financial institution in excess of what is required by regulators, central bank, or other financial authority.

Opportunity Cost

Missing out on potential opportunities from different choices when opting for a single alternative.