A Sampling Interval of 10 Was Used to Select a Sample

question 23

Multiple Choice

A sampling interval of 10 was used to select a sample from a population of 5,000. How many elements are to be in the sample?​

• A) ​10
• B) 50​
• C) 500​
• D) 100​
• E) ​1,000

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Definitions:

Total Utility

The total satisfaction or benefit a person receives from consuming a particular quantity of goods or services.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay.

False Eye Lashes

Artificial lashes applied to enhance the length, curl, fullness, and thickness of natural eyelashes.

Marginal Utility

The additional satisfaction or benefit (utility) a consumer derives from consuming an additional unit of a good or service.