Which of the Following Are Not True Concerning Sampling Error

question 50

Multiple Choice

Which of the following are not true concerning sampling error?

• A) if many independent random samples are drawn from a population, then the sample statistics from those samples are distributed in a predictable way around the population parameter
• B) probability theory allows us to use a formula to estimate how closely the sample statistics are clustered
• C) the standard error identifies how spread out or clustered the sample statistics are around the population parameter
• D) sampling error allows us to know if we selected the wrong subjects for our sample

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Definitions:

Economic Infrastructure

The physical and organizational structures necessary for the operation of a society or enterprise, such as transportation, communication networks, and financial systems.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Licensing

The legal process by which a licensor grants the licensee the rights to use, produce, or sell its intellectual property in return for payment or royalties.

Direct Investment

The practice of purchasing a controlling interest in a foreign business or starting a new enterprise in a foreign country as a means of entering a market.