A Statistics Teacher Taught Introductory Statistics to a Large Lecture

question 18

Multiple Choice

A statistics teacher taught Introductory Statistics to a large lecture class of 200 students.She wanted to calculate the average of the first examination by selecting every eighth student's test score and finding the
Average of these scores.What type of sampling technique is being employed?

• A)stratified sampling
• B)random sampling
• C)cluster sampling
• D) systematic sampling

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Definitions:

Labor Supply Curve

A graphical representation showing the relationship between the wage rate and the quantity of labor that workers are willing to supply.

Monopsonist

A market condition where there is only one buyer for a product or service, giving the buyer significant power over prices and terms.

Marginal Wage Cost

The additional cost incurred by hiring one more unit of labor, reflecting the change in total wages from employing an additional worker.

Monopsonistic Labor Market

A market condition where a single buyer (employer) controls the market for labor and determines wages and employment levels.