Which of the Following Are Requirements of a Random Sample?​

question 12

Multiple Choice

Which of the following are requirements of a random sample?​

• A)​Every individual has an equal chance of being selected.
• B)​The probabilities cannot change during a series of selections.
• C)​There must be sampling with replacement.
• D)​There must be at least 100 observations.

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Definitions:

Aggregate Supply Curve

A graphical representation that shows the total quantity of goods and services that producers in an economy are willing to supply at different price levels during a specific time period.

Total Investment

Total investment refers to the sum of all expenditures on capital goods by businesses and government within a specific time period.

Keynesian Range

A segment of the aggregate supply curve where output can increase without an increase in price levels, related to Keynesian economics theories.

Full Capacity

The maximum level of output that a company can sustain over a period without increasing long-term costs, often achieved by optimizing the use of resources.