Improvements in Technology Provide Benefits To

question 146

Multiple Choice

Improvements in technology provide benefits to:

• A) consumers, through lower prices.
• B) workers, although some jobs may be eliminated.
• C) firms, through lower production costs.
• D) all of the above.

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Definitions:

Nonsampling Error

Refers to the errors that arise during data collection and processing, which are not related to the act of sampling itself, such as measurement errors, processing errors, and coverage errors.

Wording

The choice of words or phrases in a piece of writing or speech.

Sampling Error

The difference between a population parameter and a sample statistic caused by only observing a subset rather than the whole population.

Sampling Process

The practice of selecting a subset of individuals, items, or data points from within a larger population to estimate characteristics of the whole population.