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?

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Definitions:

Marginal Utility

The additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Expected Value

The anticipated value or return of a variable, taking into account all possible outcomes and their probabilities.

Income

Money received, especially on a regular basis, for work or through investments.

Insurance

A financial product sold by companies to individuals or entities to protect against financial loss or damage from specified risks.