Which of the Following Statements Is True

question 65

Multiple Choice

Which of the following statements is true?

• A) Sampling error can be eliminated from a mass survey.
• B) Sampling error prevents any poll results from being taken seriously.
• C) Sampling error is usually lower if the majority of the sample includes people with a four-year college degree.
• D) Sampling error is usually lower if the majority of the sample includes people with strong political opinions.
• E) Sampling error decreases as the size of the sample gets larger.

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Definitions:

Consumer Expenditures

The total amount of money spent by consumers on goods and services in a given period.

Income

Income is the financial gain or revenue received by an individual, company, or entity, typically through work, investment, or business ventures.

Resource Market

A marketplace where productive resources (like labor, capital, and raw materials) are bought and sold.

Product Market

A Product Market is a marketplace where final goods or services are offered to consumers, businesses, and the public sector.