Examlex
A statistics teacher taught Introductory Statistics to a large lecture class of 200 students. She wanted to estimate the average on the first examination by selecting every eighth
Student's test score and finding the average of these scores. What type of sampling
Technique is being employed?
Benevolence
the inclination to perform kind, charitable acts towards others without expecting anything in return.
Circular-Flow Diagram
A visual model of the economy showing the interactions between households and businesses through the markets for products and resources.
Firms
Business organizations that use resources to produce goods or services for profit.
Goods and Services
Refers to tangible products and intangible activities that fulfill the needs or wants of consumers.
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