All Other Things Being Equal,how Will the Value of the Sample

question 63

Multiple Choice

All other things being equal,how will the value of the sample variance be different from the population variance?

• A)The sample variance will always be a smaller value than the population variance.
• B)The sample variance will always be a larger value than the population variance.
• C)The sample variance,but not the population variance,can be zero.
• D)The sample variance,but not the population variance,can be negative.

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Definitions:

Full Employment Level

A situation in which all available labor resources are being used in the most economically efficient way, essentially meaning that unemployment is at the lowest possible level without causing inflation.

Keynesians

Economists or the economic theory advocating for government intervention in the economy, especially fiscal policy, to manage demand and address unemployment.

Say's Law

A principle that asserts supply creates its own demand, suggesting that producing goods and services generates the means and willingness to purchase other goods and services.

Economy Produces

Refers to the total output of goods and services generated by an economy within a specific period.