Which of the Following Is True Regarding the Size of the Sample

question 52

Multiple Choice

Which of the following is true regarding the size of the sample?

• A) You should strive to have a sample that is at least 50 percent of the size of the population.
• B) There is no such thing as having a sample that is too large.
• C) Sample size is more important than the sample plan.
• D) Only samples with large sample sizes may be considered representative samples.
• E) A sample size that is too large wastes research dollars; the sample size should be just large enough to give the researcher accurate results without wasting money.

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Definitions:

Central Planning

An economic system where key decisions regarding production, investment, and distribution are made by the government or a central authority, rather than left to market forces.

Consumer Goods

Products and services that satisfy human wants directly.

Dollar Votes

A term suggesting that consumers participate in the market and influence production and consumption patterns through their spending choices.

Product Market

The marketplace where final goods or services are traded between producers and consumers.