Data Collected on the Same Observation Unit at a Number

question 39

Multiple Choice

Data collected on the same observation unit at a number of points in time are called:

• A)cross-section data.
• B)time series data.
• C)panel data.
• D)none of the above.

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Definitions:

Statistical Inference

The process of drawing conclusions about population parameters based on a sample taken from the population.

Binomial Distribution

A probability distribution that summarizes the likelihood that a value will take one of two independent states under a given number of observations.

Uniform Distribution

A type of probability distribution where all outcomes are equally likely; in a continuous uniform distribution, any value within a specified range is equally likely to occur.

Standard Normal Variable

A random variable that has a normal distribution with a mean of zero and a standard deviation of one.