A Sample Is Chosen Randomly from a Population That Was

question 4

Multiple Choice

A sample is chosen randomly from a population that was strongly skewed to the right.Describe the sampling distribution model for the sample mean if the sample size is small.

• A)Skewed right,centre at μ,standard deviation σ/
• B)Normal,centre at μ,standard deviation
• C)There is not enough information to describe the sampling distribution model.
• D)Normal,centre at μ,standard deviation σ/
• E)Skewed right,centre at μ,standard deviation

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Definitions:

Tax Burden

The total amount of taxes paid by individuals or businesses, often expressed as a percentage of income or GDP.

Elasticity

The indicator of the responsiveness of the demand or supply of a product to shifts in key factors like price or income.

Perfectly Elastic

A perfectly elastic demand or supply refers to a situation where the quantity demanded or supplied changes infinitely in response to any change in price, represented by a horizontal line on a graph.

Tax Burden

The measure of taxes that an individual or business is required to pay, expressed as a percentage of income or profit.