Estimates of Population Parameters,standard Error,and Confidence Intervals Assume Unbiased Sampling

question 86

Short Answer

Estimates of population parameters,standard error,and confidence intervals assume unbiased sampling the foundation of unbiased sampling is the ____________random sample.

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Definitions:

Differentiates Oligopoly

A characteristic of oligopoly markets where few firms dominate and each firm tries to distinguish its product or service from those of competitors.

Contestable

A market characteristic where there are no barriers to entry or exit, allowing potential competition to challenge existing firms, keeping prices competitive.

Market

A market is any structure that allows buyers and sellers to exchange any type of goods, services, and information.

Highly Concentrated

A market or industry situation where a small number of firms hold a large market share, potentially leading to less competition.