A Survey Was Sent to a Simple Random Sample of College

question 29

Multiple Choice

A survey was sent to a simple random sample of college sophomores. The sample size was 200. When asked whether or not they liked Frank Sinatra's music, 40 of these students did not give any answer. This is an example of

• A) a stratified sample.
• B) a census.
• C) bias.
• D) the margin of error.
• E) nonresponse.

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Definitions:

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm's production increases.

Diminishing Returns

A principle stating that as more of a variable input is added to a fixed input, beyond some point, the additional output from the additional input will decrease.

Marginal Cost

The financial outlay required to create another unit of a good or service.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the number of goods produced, essentially the per unit production cost.