Emily Is a Writer

question 184

Multiple Choice

Emily is a writer.She buys pens and paper for $20 and writes a 500-page novel that she sells to a publishing company for $500,000.If the publisher prints 1 million copies that sell for $25 each, what is the contribution to GDP of Emily's novel?

• A)$25 million
• B)$20 million
• C)$500,000
• D)$50,000
• E)$20,000

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Definitions:

Research Hypothesis

A specific, testable prediction about the expected outcome of a study.

Representative Sample

A segment of the population that precisely mirrors the characteristics of the whole population.

Population

The entire group of individuals or instances about whom the research is focused.

Sampling Error

The difference between a statistic derived from a sample and the corresponding statistic of the entire population, due to chance variation in selecting the sample.