A Major Requirement for a Sample to Be Used in Psychological

question 92

Multiple Choice

A major requirement for a sample to be used in psychological research is that it be

• A) statistically supportive.
• B) significant.
• C) practical.
• D) representative.

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Definitions:

Profit Maximizing

The process or strategy where a firm adjusts its production and sale of goods to achieve the highest possible profit.

Output Level

Refers to the quantity of goods or services produced by a firm or an economy at a given time.

Marginal Revenue

The additional revenue that is gained from selling one more unit of a product or service.

Marginal Cost

Expenses incurred from making one more unit of a product or service.