A Researcher Selects a Sample of 16 Participants from a Population

question 49

Multiple Choice

A researcher selects a sample of 16 participants from a population with a variance of 4.What is the standard error of the mean?

• A)less than 1
• B)equal to 1
• C)greater than 1
• D)There is not enough information to answer this question.

---

Definitions:

Average Variable Cost

The total variable costs of production divided by the number of units produced, measuring the cost per unit that varies with output level.

Marginal Costs

The increase in total cost that arises from an extra unit of production.

Average Variable Costs

The total variable costs (costs that change with output level) divided by the quantity of output produced.

Average Total Costs

The total cost of production divided by the number of units produced, indicating the cost per unit.