An Editorial Writer for the East Mule Shoe Gazette Wants

question 13

Multiple Choice

An editorial writer for the East Mule Shoe Gazette wants to measure public support for a discontinued construction project that has left a city-block-size hole in the middle of the East Mule Shoe downtown area. So he uses his lunch hour one day to walk down the block adjacent to the project and ask the first 25 people who will talk to him about whether they support continuing the project. The newspaper asks readers to comment on its survey of local opinion. Readers say that:

• A) this is a simple random sample. It gives very accurate results.
• B) this is a simple random sample. The results are not biased, but the sample is so small that variation will be high.
• C) this is a census because all citizens had a chance to be asked. It gives very accurate results.
• D) the sampling method is biased. It will almost certainly overestimate the level of support among all East Mule Shoe residents.
• E) the sampling method is biased. It will almost certainly underestimate the level of support among all East Mule Shoe residents.

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Definitions:

Indifference Curves

Graphs representing combinations of two goods that provide an individual with equal levels of satisfaction or utility, showing consumer preferences.

Marginal Utility

The extra pleasure or benefit derived from consuming an additional unit of a product or service.

Corner Solution

A situation in optimization problems where the solution lies at the boundary or corner of the feasible set, often due to constraints.

Marginal Utility

Marginal utility refers to the additional satisfaction or benefit one receives from consuming an additional unit of a good or service.