Which One of the Following Statements Is True Regarding Two

question 35

Multiple Choice

Which one of the following statements is true regarding two random samples, drawn in the same way, from the same population, one of size 30 and one of size 300?

• A)The two samples are expected to have the same sample mean.
• B)The larger sample is more likely to produce a large sample mean.
• C)The smaller sample will have a smaller 95% confidence interval for the mean.
• D)The smaller sample will, on average, produce a lower estimate of the variance of the population.

---

Definitions:

Market Segmentation

The practice of segregating a market into unique segments of consumers with diverse needs, attributes, or actions who may need different products or marketing tactics.

Cost-Volume-Profit

An accounting method used to determine the effects of changes in costs and volume on a company's profits.

Marginal Analysis

An examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.

Price-Setting Process

The method by which a company determines the selling price of its products or services, involving cost analysis, market demand, and competitor pricing strategies.