A Sample of Size N Is Selected at Random from an Infinite

question 121

Multiple Choice

A sample of size n is selected at random from an infinite population.As n increases,which of the following statements is true?

• A)The population standard deviation decreases.
• B)The standard error of the sample mean decreases.
• C)The population standard deviation increases.
• D)The standard error of the sample mean increases.

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Definitions:

Fast And Frugal Heuristics

Decision-making strategies that rely on simple rules or shortcuts to make judgments quickly and efficiently, often with minimal information.

Careful Reasoning

A meticulous process of evaluating information and arguments to reach a reasoned conclusion.

Quick Decisions

The process of making choices or judgments rapidly without taking much time to evaluate options and possible outcomes.

Accurate Decisions

The process of making choices that are both correct and based on reliable information.