A Researcher Selects a Sample of 16 Participants from a Population

question 49

Multiple Choice

A researcher selects a sample of 16 participants from a population with a variance of 4.What is the standard error of the mean?

• A)less than 1
• B)equal to 1
• C)greater than 1
• D)There is not enough information to answer this question.

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Definitions:

Economic Organization

The structured systems and institutions through which economic activity is conducted and regulated, including markets, firms, and government agencies.

Capital Stock

The total value of all physical assets owned by a company or country, used in the production of goods and services.

Comparative Advantage

The economic principle that a country or entity benefits by producing goods or services for which it has a lower opportunity cost than its trading partners.

Resource Employment

The utilization of economic resources, including labor, capital, and materials, in the production of goods and services.