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Marketing Research Study Set 1
Quiz 16: Generalizing a Sample's Findings to its Population and Testing Hypotheses About Percents and Means
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Question 21
True/False
Inference is a form of logic in which you make a generalization about a small set of members of a class based upon complete knowledge about that entire class.
Question 22
True/False
In parameter estimation, a value such as the population mean is estimated based on a sample's mean and its size.
Question 23
Multiple Choice
In hypothesis testing, given the standard error of the percentage (or mean) remains constant, the closer the hypothesized value is to the sample statistic:
Question 24
Multiple Choice
Which of the following may be used to estimate a "best," "pessimistic," and "optimistic," value of market potential?
Question 25
True/False
Statistical inference is a set of procedures in which the population size and sample statistics are used to make estimates of population parameters.