(I as the Sample Size (N) Increases, the Spread in the Distribution

question 12

Multiple Choice

(i. As the sample size (n) increases, the spread in the distribution of the sample means stays the
Same.
(ii. If the sampling size equals the population size, the sampling error is 1.
(iii) If a population is normally distributed, the sampling distribution of the mean is normally
Distributed.

• A) (i), (ii), and (iii) are all correct statements.
• B) (iii) is a correct statement, but not (i) or (ii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Infant Industry

A new or emerging industry that may require protection and support to grow against international competition.

Trade Protection

Economic policies and measures designed to restrict international trade to protect domestic industries from foreign competition.

Foreign Competition

Economic rivalry that businesses face from producers located in other countries.

Net Loss

The amount by which total expenses exceed total revenues for a business or individual, indicating a negative financial performance.