The Mean of All Possible Sample Means Is Equal to ________

question 46

Multiple Choice

The mean of all possible sample means is equal to ________.

• A)the population variance
• B)σ /
• C)the sample variance
• D)the population mean

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Definitions:

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.

Average Utility

The total utility received from a certain amount of goods or services divided by the number of goods or services consumed.

Diminishing Marginal Utility

The principle that as a person consumes more of a good, the additional satisfaction gained from consuming an additional unit decreases.

Plastic Bins

Containers made of plastic material used for storing or transporting items.