For a Given Population Proportion, the Sampling Distribution Of $\hat { p }$

question 1

True/False

For a given population proportion, the sampling distribution of $\hat { p }$ tends to be more spread out for larger sample sizes than for smaller sample sizes.

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Definitions:

Normal Good

A good for which demand increases as consumer income rises, holding everything else constant.

Utility Function

A mathematical representation used in economics to show how different bundles of goods or services contribute to an individual's overall satisfaction or happiness.

Apples

Commonly a term for the fruit, but in economic or mathematical contexts, it may serve as a generic placeholder for any tradable good.

Bananas

A tropical fruit characterized by its elongated shape, yellow skin when ripe, and soft, sweet flesh.