Knowledge of the Sampling Distribution of a Statistic Enables Researchers

question 28

Multiple Choice

Knowledge of the sampling distribution of a statistic enables researchers to

• A) draw a smaller sample than ordinarily would be necessary.
• B) estimate the probable margin of error of a sample statistic.
• C) calculate the population value.
• D) calculate the difference between a population value and a sample estimate.

---

Definitions:

Bowed Out

A term used to describe the shape of a production possibilities frontier that demonstrates increasing opportunity costs.

Resources

This term refers to assets, materials, and components that can be used to produce goods and services.

Productive Inputs

Resources used in the production of goods and services, including labor, capital, and raw materials.

Outward Shift

A movement of the supply or demand curve to the right, indicating an increase in supply or demand.