"An Extra Dollar of Income Gives More Additional Satisfaction to a Poor

question 58

Multiple Choice

"An extra dollar of income gives more additional satisfaction to a poor person than to a rich person." This is an important assumption of which political philosophy?

• A)utilitarianism
• B)liberalism
• C)libertarianism
• D)republicanism

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Definitions:

Large-Sample Z

A statistical test used to infer that the means of two populations are equal when the sample size is large and the population variance is known.

Major Defects

Significant problems or imperfections observed in products or process outputs that typically require correction or significantly affect usability.

Hypotheses

Proposed explanations made on the basis of limited evidence as a starting point for further investigation, often framed as predictions to be tested by scientific experiments.

Margin of Error

An indicator of the precision of an estimate, representing the maximum likely difference between the observed sample statistic and the true value of the population parameter.