Why Is Sampling Bias a Problem

question 43

Multiple Choice

Why is sampling bias a problem?

• A)It makes it impossible to use inferential statistics.
• B)It limits the generality of the findings.
• C)It makes the effect of the independent variable appear to be bigger than it really is.
• D)It makes it difficult to avoid a confounding of variables.

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Definitions:

Activity-Based Management

A management approach focusing on identifying and evaluating activities that a business performs, to improve decision making and operational efficiency.

Objectivity

The practice of basing decisions, judgments, or analysis on facts and evidence, free from personal bias or emotions.

Target Cost

The desired cost of a product derived from subtracting the desired profit margin from the competitive market price.

Profit Requirement

The minimum level of earnings necessary for a business to sustain its operations or fulfill its financial goals.