We Can MOST Accurately Estimate the Mean of a Population

question 81

Multiple Choice

We can MOST accurately estimate the mean of a population if

• A) a sample is large in size and low in variability.
• B) a sample is small in size and high in variability.
• C) a sample is large in size and high in variability.
• D) a sample is small in size and low in variability.

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Definitions:

Assignment

A task or piece of work allocated to someone as part of a job or course of study.

Allowance Method

An accounting method for estimating uncollectible accounts receivable that involves creating a provision for bad debts as a percentage of the accounts receivable.

Gross Price

The total cost of a good or service without deducting any discounts, taxes, or other expenses.

Net Price

The actual price paid for a product after deducting any discounts, rebates, or allowances from the list or gross price.