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Statistics
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Basic Business Statistics
Quiz 8: Sampling Methods and the Central Limit Theorem
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Question 21
Multiple Choice
When all the items in a population have an equal chance of being selected for a sample,the process is called __________________.
Question 22
True/False
The standard error of the mean will vary according to the size of the sample.As the sample size n gets larger,the variability of the sample means gets smaller.
Question 23
Multiple Choice
When dividing a population into subgroups so that a random sample from each subgroup can be collected,what type of sampling is used?
Question 24
True/False
Fish and game wardens estimate the average weight of the fish or game population by using creel checks and other devices.Based on this sample data,a warden might estimate that the mean weight of Coho salmon caught in Lake Michigan is 2.5 pounds.This single number is called a point estimate of the unknown population parameter.
Question 25
True/False
If the sample size keeps getting larger and larger and finally equals the size of the population,there would be no error in predicting the population mean because the sample size and the size of the population would be the same.
Question 26
True/False
If 40 samples of size 21 were selected from a population of 22,493,we would expect the mean of the sample means and the population mean to be close but not exactly equal.
Question 27
True/False
Based on the central limit theorem,sampling error will decrease as sample size increases.
Question 28
True/False
Based on the sampling distribution of the means and the central limit theorem,the sample mean can be used as a good estimator of the population mean,assuming that the size of the sample is sufficiently large.