A Lawyer Surveyed a Simple Random Sample of His Colleagues

question 15

Essay

A lawyer surveyed a simple random sample of his colleagues and asked them whether they were left-handed or right-handed. Is this convenience sample likely to provide results typical
of all adults in the United States? Do convenience samples in general provide good results?

---

Definitions:

Average Cost Price

The cost per unit of product or service, calculated by dividing the total cost of production by the number of units produced.

Perfect Price Discrimination

A pricing strategy where a seller charges the maximum possible price for each unit consumed, extracting all consumer surplus.

Type Of Monopoly

Refers to various forms of monopolies such as natural monopoly, geographic monopoly, and government monopoly, each distinguished by their exclusive control over a market or product.

Profit-maximizes

A strategy or approach by businesses aimed at achieving the highest possible profit.