Inferential Statistics Allow Us to

question 42

Multiple Choice

Inferential statistics allow us to

• A)infer something about the sample based on the population.
• B)infer something about the population based on the sample.
• C)infer that the sample is representative.
• D)all of the options are correct

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Definitions:

Biases

Prejudices or inclinations that affect judgement, typically in a way that is considered to be unfair.

Escalating Commitment

The phenomenon where people continue to invest time, money, or effort into a failing decision, project, or course of action due to previous investments.

Allocation of Resources

The process of distributing available resources among various projects, departments, or sectors within an organization or system.

Substantial Amount

A quantity or volume considered to be of considerable size or importance.