As the Size of the Sample Goes Up

question 19

Multiple Choice

As the size of the sample goes up:

• A) So does confidence in its representativeness of the population
• B) Confidence in its representativeness of the population decreases
• C) Its proportion to the size of the population must remain constant
• D) The fraction of the total population that a sample contains decreases
• E) So does the probability of selection for each element in the population

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Definitions:

Sufficient Willpower

The necessary amount of determination and self-control required to achieve a goal or follow through with a decision.

Behavioral Economics

A field of economic study that examines how psychological, cognitive, emotional, cultural, and social factors affect economic decisions of individuals and institutions.

Temptation

The desire to engage in short-term urges for enjoyment, often at the expense of long-term goals.

Prone To Errors

Having a high likelihood of making mistakes or encountering inaccuracies.