The ____________ the Sample, the More ___________ We Can Have

question 38

Multiple Choice

The ____________ the sample, the more ___________ we can have in the sample's representativeness.

• A) smaller; reliability
• B) larger; reliability
• C) larger; confidence
• D) smaller; confidence
• E) larger; assurance

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Definitions:

Units of X

A term commonly used in economics and other disciplines to denote a quantity or amount of a particular good or service referred to as "X."

Utility Function

A mathematical representation of how a consumer ranks different bundles of goods such that the higher the function's value, the higher the level of satisfaction.

Price Increase

A situation where the cost of goods or services rises over a period.

Loss of Income

A reduction or complete stoppage of earnings that an individual or entity faces due to various factors like unemployment, disability, or business interruption.