Dr Cyril Conducts a Simple Random Sample of 500 Men

question 12

Multiple Choice

Dr. Cyril conducts a simple random sample of 500 men who became fathers for the first time in the past year. He finds that 23% of them report being unsure of their ability to be good fathers, plus or minus 4%. If Dr. Cyril increased his sample size to 1,000, which of the following would happen?

• A)The true estimate would increase.
• B)The margin of error would become smaller.
• C)External validity would become less important.
• D)Statistical validity would become negatively affected.

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Definitions:

Direct Financing Lease

A type of lease where the lessor purchases the leased asset specifically for leasing to the lessee, effectively providing finance to the lessee for the asset's purchase.

Collectibility

The likelihood or ability of a business to collect on its accounts receivable, reflecting the financial health and creditworthiness of its customers.

Minimum Lease Payments

The least amount of payments over the leasing period, including any residual value, guaranteed by the lessee under a lease agreement.

Unearned Interest

Interest that has been collected on a loan by a lender but not yet earned, usually because the loan has not reached its maturity.