The Largest Single Portion of the Federal Budget Is Devoted

question 33

Multiple Choice

The largest single portion of the federal budget is devoted to

• A)National defense.
• B)Medicare and Medicaid.
• C)Social Security and unemployment compensation.
• D)Education.
• E)Interest payments on the national debt.

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Definitions:

Parameter

A measurable attribute that defines or limits the characteristics of a population or a statistical model.

Population

The entire group of individuals or instances about whom we seek to make conclusions.

Statistic

A numerical measurement describing some characteristic of a sample, used to estimate the population parameter.

Sample

A smaller group chosen from the larger population for the purpose of gathering statistical data through measurements, observations, or inquiries.