Use the Guidelines to Evaluate the Study

question 6

Essay

Use the guidelines to evaluate the study. Discuss flaws that you see in the study.
-A researcher randomly selects 300 adults from the city of Kentwood by using a random
number generator and a list of residents of the town. She calls the people in the sample and
asks the following question: "Do you agree that more of the city's budget should be spent
on social services for the poor? " She announces that 54% of the people in Kentwood feel
that more of the city's budget should be spent on social services for the poor.

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Definitions:

Minimum Acceptable Price

The lowest price at which a seller is willing to sell a product or service, often covering at least the cost of production.

Consumer Surplus

The discrepancy between the aggregate amount consumers are willing to expend on a good or service and the aggregate amount they really expend.

Total Revenues

The complete amount of income generated by a company through its various business activities.

Market Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output that producers are willing and able to sell at that price.