The Difference Between a Sample Mean and the Population Mean

question 66

Multiple Choice

The difference between a sample mean and the population mean is called:

• A)nonresponse error.
• B)selection bias.
• C)sampling error.
• D)nonsampling error.

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Definitions:

Locus of Control

Locus of control is a psychological concept referring to an individual's belief about the extent to which their actions can influence outcomes, divided into internal and external loci of control.

External

pertains to factors, conditions, or influences that exist outside of an individual, group, or organization which can impact performance, outcomes, or decision-making.

Fate

A predetermined course of events often considered inevitable or outside human control.

Risk-taking Propensity

An individual's tendency or willingness to take risks or engage in behaviors that could lead to significant gains or losses.