The Following Samples Were Selected by Two Researchers

question 33

Multiple Choice

The following samples were selected by two researchers.Which is associated with a smaller standard error of the mean? Researcher A: n = 36, = 12, = 9
Researcher B: n = 36, = 12, = 6

• A)Researcher A
• B)Researcher B
• C)They both have the same standard error.

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Definitions:

Conglomerates

Large corporations that operate in several industries at the same time.

Laissez-Faire Economy

An economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs, and subsidies.

Purely Capitalist Economy

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.

Features of Capitalism

include private property ownership, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets, driving economic growth and innovation.