In Sampling Notation,N Refers to the ____

question 68

Multiple Choice

In sampling notation,N refers to the ____.

• A)number of cases in the sampling frame
• B)number of cases in the sample
• C)number of possible subsets
• D)sampling fraction

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Definitions:

Output

The amount of goods or services produced by a company, industry, or economy within a specific period.

Production Function

A mathematical formula that describes the relationship between inputs used in production and the output of goods or services.

Returns To Scale

A concept in economics that describes the change in output as a result of a proportional change in all inputs.

Input

Resources used in the production process, including labor, materials, and capital.