Which Is Most Nearly Correct Regarding Sampling Error

question 100

Multiple Choice

Which is most nearly correct regarding sampling error?

• A)It can be eliminated by increasing the sample size.
• B)It cannot be eliminated by any statistical sampling method.
• C)It can be eliminated by using Excel's =RANDBETWEEN() function.
• D)It can be eliminated by utilizing systematic random sampling.

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Definitions:

Disposable Income

The collective fiscal pool available to households for spending and saving post income tax engagements.

Induced Consumption

The concept in Keynesian economics referring to the portion of consumer spending that increases with income. Higher income levels tend to lead to higher consumer spending.

Disposable Income

The total financial resources available to people or households for savings and expenses after subtracting income tax.

Saving

The process of setting aside a portion of current income for future use, either by depositing it into a bank or purchasing a financial asset.