Blogs, Social Networking, and Video Sharing Are Examples of Media

question 81

Multiple Choice

Blogs, social networking, and video sharing are examples of media commonly known as _____.

• A) global media
• B) local media
• C) social media
• D) Texas Visual Imaging
• E) widespread media

Learn the effects of price changes on total revenue depending on elasticity

Identify the characteristics of goods with elastic versus inelastic demand

Understand the short-run and long-run adjustments in response to changes in demand or supply

Learn how elasticity of supply differs from elasticity of demand and its implications

---

Definitions:

Z-score

A statistical measurement of a score's relationship to the mean in a group of scores.

Sampling Distribution

A distribution of probabilities associated with a particular statistic, originating from a random sample.

Random Sample

A subset of a statistical population in which each member of the subset has an equal probability of being chosen.

Sampling Distribution

The likelihood distribution of a specific statistic derived from a random sampling.