Provide an Appropriate Response

question 149

Multiple Choice

Provide an appropriate response.
-A psychology student wishes to investigate differences in political opinions between business majors and political science majors at her college. She randomly selects 100 students from the 260 business majors and 100
Students from the 180 political science majors. Does this sampling plan result in a random sample? Simple
Random sample? Explain.

• A) No; no. The sample is not random because political science majors have a greater chance of being selected than business majors. It is not a simple random sample because some samples are not possible, such as a
• Sample consisting of 50 business majors and 150 political science majors.
• B) Yes; yes. The sample is random because all students have the same chance of being selected. It is a simple random sample because all samples of size 200 have the same chance of being selected.
• C) No; yes. The sample is not random because political science majors have a greater chance of being selected than business majors. It is a simple random sample because all samples of size 200 have the same chance
• Of being selected.
• D) Yes; no. The sample is random because all students have the same chance of being selected. It is not a simple random sample because some samples are not possible, such as a sample consisting of 50 business
• Majors and 150 political science majors.

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Definitions:

Willingness to Pay

Willingness to pay represents the maximum amount an individual is prepared to spend to acquire a good or service.

Marginal Cost

The boost in total charges linked to the creation of one more unit of a product or service.

Public Good

For the benefit of all society members, goods or services are offered at no cost, either by government agencies or private individuals or organizations, not with the aim of profit.

Civil Defense System

A civil defense system encompasses measures and responses designed to protect civilians and infrastructure from natural disasters, military attacks, or other emergencies.