Which of the Following Factors Can Influence the Accuracy of a Sample

question 27

Multiple Choice

Which of the following factors can influence the accuracy of a sample mean as an estimate of ì?

• A)size of the sample
• B)variance of population scores
• C)both a and b
• D)none of these

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Definitions:

Supply Curve

A graph showing the relationship between the price of a good and the quantity of that good that sellers are willing to supply.

Perfectly Inelastic

Describes a situation in which the quantity demanded or supplied does not change in response to a price change.

Demand Determined

implies that the quantity and price of goods and services are decided by the consumers' demand or preferences in the market.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded.