When Using Inferential Statistics All of the Following Assumptions Are

question 30

Multiple Choice

When using inferential statistics all of the following assumptions are accurate except:

• A) the sample must be drawn from the population about which inferences are being made
• B) the inferential statistics assume simple random sampling
• C) as long as the sample is drawn from a population that resembles the one about which inferences are to be made, the resulting statistic has value
• D) inferential statistics are addressed to sampling error only, they do not consider non-sampling errors

Identify the influence of external standards and pressures on organizational ethics.

Understand the importance and methods of conducting performance reviews by managers.

Comprehend the concept of sustainable development and its significance for future generations.

Recognize the complexity and evolving nature of rights in organizational and societal contexts.

---

Definitions:

Monopsony Power

A market condition where there is only one buyer for a product or service, giving that buyer considerable control over prices.

Professional Athletes

Individuals who compete in sporting activities at the highest level and receive payment for their performance and participation.

Professional Sports

Sporting activities or events where athletes receive payment for their performance, as opposed to amateur sports where athletes do not receive financial compensation.

Real Income

Income adjusted for price changes.