The Standard Error of the Difference Becomes Smaller as Sample

question 113

Multiple Choice

The standard error of the difference becomes smaller as sample sizes _____ and the variability of the populations_____.

• A)increase;increases
• B)increase;decreases
• C)decrease;decreases
• D)decrease;increases

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Definitions:

Total Utility

refers to the total satisfaction gained from consuming a particular quantity of goods or services.

Marginal Utility

Marginal utility is the additional satisfaction or benefit (utility) a consumer derives from purchasing one more unit of a good or service.

Difference

A term that refers to the disparity or distinction between two or more elements, items, or phenomena.

Marginal Utility

Additional gratification or utility that comes from consuming one more unit of a product or service.