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

question 11

Multiple Choice

(i. As the sample size (n) increases, the spread in the distribution of the sample means increases.
(ii. If the sampling size equals the population size, the sampling error is zero.
(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) (i) and (ii) are correct statements but not (iii).
• 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:

Input Production

The process of using resources (inputs) to create goods or services.

Substitutes Consumption

Refers to the consumption of goods that can replace each other in use, affecting the demand for these goods.

Quantity Demanded

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

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