When a Study Sample Shows Representativeness, What Can Be Concluded

question 14

Multiple Choice

When a study sample shows representativeness, what can be concluded about the study?

• A) The study results show evidence of sampling bias.
• B) The study used strict inclusion and exclusion criteria to limit the sample size.
• C) The study is most likely generalizable, with results that can be applied to the target population.
• D) The study is most likely not generalizable because the sample was obtained using specific inclusion criteria.

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Definitions:

Price Elasticity

A measure of how much the demand or supply of a product changes in response to a price change.

Cournot Equilibrium

A model of market competition in which firms choose their output levels simultaneously and independently to maximize profit with the assumption of no further entry by other firms.

Marginal Cost

Marginal cost denotes the change in the total expense incurred by a firm when its output is increased by a single unit.

Major League Baseball

A professional baseball organization consisting of teams in the United States and Canada, representing the sport's highest level of play.