Which of the Following Is a Reason for Researchers to Select

question 18

Multiple Choice

Which of the following is a reason for researchers to select samples to represent a population?

• A) The population may be so large that it would be too expensive and time consuming to conduct the research.
• B) Using the whole population to conduct researches will yield inaccurate results.
• C) Samples are better for inductive reasoning-based researches, while the whole population can be used only for deductive reasoning-based researches.
• D) Samples are better as they use the concept of conventional wisdom over critical thinking.
• E) Samples yield more accurate results as they do not influence social policies.

Differentiate between parameters and statistics in descriptive statistics.

Calculate and interpret the proportion of data within a specific range using the mean and standard deviation.

Recognize the importance of measures of variability (standard deviation, variance) and center (mean, median, mode) in summarizing data sets.

Apply the Empirical Rule and Tchebysheff's Theorem to both theoretical and practical scenarios.

---

Definitions:

Payment

The transfer of money, or its equivalent, from one party to another in exchange for goods, services, or to fulfill a legal obligation.

Account Earning

The income generated from an investment or the revenue accrued from a bank account over a specific period.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to present value.

Savings Bond

Government-issued bonds that are designed for individual investors and offer a fixed interest rate over a fixed period of time.