If Sample Variance Is Computed by Dividing SS by N,then

question 35

Multiple Choice

If sample variance is computed by dividing SS by n,then the average value of the sample variances from all the possible random samples will be ____ the population variance.​

• A)​smaller than
• B)​larger than
• C)​exactly equal to
• D)​unrelated to

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Definitions:

Consumer Sovereignty

The idea that consumers ultimately dictate what will be produced (or not produced) by choosing what to purchase (and what not to purchase).

Economic Problem

The issue of limited resources to meet unlimited wants and needs, requiring choices and prioritization.

Centralized Decision Making

A process where decisions are made by a few people or a single authority, rather than being dispersed among many.

Destroy Incentives

To eliminate or significantly reduce the motivations or reasons for individuals or entities to take a particular action or endeavor.