The Law of Large Numbers Means That

question 8

Multiple Choice

The law of large numbers means that:

• A) All participants have an equal opportunity to be placed in experimental groups
• B) As the size of the sample increases, the likelihood that the sample will be similar to the overall population increases
• C) Participants are assigned to conditions based on a preexisting trait
• D) The researcher makes the experimental groups as similar as possible on a potential rival variable
• E) All of the above

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Definitions:

Efficiency

The degree to which an entity optimizes the use of its resources to achieve its objectives, minimizing waste and maximizing output.

Equality

Refers to the state or quality of being equal, especially in status, rights, or opportunities.

Redistributes Income

The process by which government policies, taxation, and public spending aim to adjust the allocation of income across a society.

Efficiency

describes the extent to which resources are allocated in a way that maximizes the output or outcome, often considering waste minimization and optimal allocation in economic contexts.