Sampling Error Can Be Avoided

question 93

Multiple Choice

Sampling error can be avoided

• A)by using an unbiased estimator.
• B)by eliminating nonresponses (e.g. ,older people).
• C)by no method under the statistician's control.
• D)either by using an unbiased estimator or by eliminating nonresponses.

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Definitions:

Technological Advance

The development and application of innovative tools, machinery, and methods to improve efficiency, productivity, and outcomes in various fields.

Retail Market

A marketplace where goods and services are sold directly to consumers, typically involving transactions of smaller quantities.

World Supply

Refers to the total amount of a particular good or service that is available for purchase on the global market.

Futures Market

A financial market where participants can buy and sell contracts for the delivery of assets at a future date, often used for hedging and speculation.