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:

Cross-Price Elasticity

A measure of the responsiveness of demand for one good to a change in the price of another good.

Quantity Demanded

The total amount of a good or service consumers are willing and able to purchase at a given price in a specified period.

Price

The amount of money required to purchase a good, service, or asset, often determined by supply and demand.

Cross-Price Elasticity

Cross-Price Elasticity measures how the demand for one good responds to changes in the price of another good, indicating substitute or complementary relationships.