What Is Necessary in Order to Draw the Most Accurate

question 111

Multiple Choice

What is necessary in order to draw the most accurate conclusions about a population while studying only part of it?

• A) A sample of at least 10 percent of the population
• B) A representative sample
• C) It is not possible to draw accurate conclusions about a population by studying only part of it.
• D) A sample that is at least half of the population

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Definitions:

Progressivity

A characteristic of a tax system in which the tax rate increases as the taxable amount increases, placing a larger burden on high-income earners.

Federal Payroll Tax

Taxes imposed by the federal government on the wages of employees, which fund social security and Medicare programs.

Equilibrium Price

The value at which there is a perfect match between how much of a good or service is wanted and how much is provided, leading to a state of market equilibrium.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.