For a Given Population,the Mean of All the Sample Means

question 21

Multiple Choice

For a given population,the mean of all the sample means ,of sample size n,and the mean of all (N) population observations (X) are ________.

• A)equal to
• B)not equal
• C)equal to - μ
• D)equal to the population mean µ

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Definitions:

Competitive Price-Taker

A firm or individual in a market structure that has no control over the market price and must accept the prevailing market price for its product or service.

Output

The total amount of goods or services produced by a person, machine, company, or economy.

Price

The sum of money needed to buy a product or service.

Competitive Price-Taker

A firm in a competitive market that has no ability to influence the price of the product it sells; it must take the market price as given.