Which of the Following Statements Are True

question 94

Multiple Choice

Which of the following statements are true?
i. higher indifference curves are preferred to lower ones
ii. indifference curves are always downwards sloping
iii. indifference curves are always bowed inwards (convex)

• A)(i) and (ii) only
• B)(ii) and (iii) only
• C)(i) and (iii) only
• D)(i), (ii) and (iii)

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Definitions:

Participants

Participants are individuals who take part in a research study, contributing data for analysis.

Standard Deviations

Another term for how much individual data points in a set deviate from the mean or average, helping in assessing data dispersion.

Standard Error

The standard deviation of the sampling distribution of a statistic, often used as an estimate of the uncertainty of a sample mean.

Groups

Sets of individuals or items classified together based on shared characteristics or for the purpose of analysis or research.