Which of the Following Statements Is False

question 122

Multiple Choice

Which of the following statements is false?

• A) Increasing the sample size will always reduce the size of the sampling error when the sample mean is used to estimate the population mean.
• B) Increasing the sample size will reduce the potential for extreme sampling error.
• C) Sampling error can occur when differs from μ due to the fact that the sample was not a perfect reflection of the population.
• D) There is no way to prevent sampling error short of taking a census of the entire population.

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Definitions:

Conditional Sale Contracts

agreement for the sale of goods where the price is payable in instalments and the goods remain the property of the seller until the full price is paid.

Purchase Price

Purchase price is the amount of money paid to buy goods, services, or assets.

Combined Equivalent

The equivalent total effect or value when multiple factors or values are considered together.

Scheduled Payments

Pre-determined payments made at regular intervals, such as monthly or quarterly, often related to loans or leases.