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To an Economist,utility Means

question 72

Multiple Choice

To an economist,utility means:

Definitions:

Quantitative Data

Information that can be measured and written down with numbers, often used in statistical analysis.

Represent Population

The process of ensuring that a sample accurately reflects the characteristics of the broader group from which it is drawn.

Quantitative Data

Numeric information that can be measured and quantified, often used for statistical analysis.

Inferential Statistics

Statistics that allow researchers to make predictions or inferences about a population based on a sample of data.