Which of the Following Is Implied from the Standard Error

question 6

Multiple Choice

Which of the following is implied from the standard error of the mean formula?

• A) that true means of populations can be found easier than those of samples
• B) that standard deviation increases with increase in sample size
• C) that larger sample sizes provide greater accuracy in estimating the true population mean
• D) that the true mean of the population can only be calculated using smaller sample sizes

---

Definitions:

Income

The money received by an individual or entity in return for their labor, from transfers, or from investments.

Middle Three Quintiles

The middle three quintiles refer to the middle segments of a population when it is divided into five equal parts based on income or wealth, often used to represent the middle class.

Income Received

The total earnings obtained by individuals or entities, typically through employment, investments, or other sources, during a specified period.

Lower Two Quintiles

Refers to the bottom 40% of a population when it is divided into five equal groups according to income levels.