alleryHow accurately a sample figure estimates the population figure depends on how well the sample:
ARepresents the population
BRepays the participants
CReports the auditors
DReplaces the records
Answer & Solution
Correct answer: A. Represents the population
1. The characteristics must match.
2. A poor sample gives a poor estimate.
3. It depends on how well it represents the population.
_Source: OpenStax Introductory Business Statistics 2e, Chapter 1, Sampling and Data._
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