Which of the Following Observations Is NOT True

question 50

Multiple Choice

Which of the following observations is NOT true?

• A)The use of electronic methods of payment is far higher in major developed countries other than in Canada.
• B)E-money payments are virtually nonexistent in Canada.
• C)Money stored in e-money accounts and cards is covered by deposit insurance.
• D)Canadian FIs have been slow in adopting and using online banking and electronic payment methods extensively.
• E)All of these.

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Definitions:

Population Size

The total number of individuals or units in the population being studied.

Population Parameter

A numerical value that describes a characteristic of an entire population.

Sample Statistic

A sample characteristic, such as a sample mean x, a sample standard deviation s, a sample proportion p, and so on. The value of the sample statistic is used to estimate the value of the corresponding population parameter.

Simple Random Sample

A segment of a statistical population where every individual in the segment is equally likely to be selected.