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Question 1 reset

Expand BPLRs

Benchmark Prime Lending Rates

Benchmark Prime Loan Rates

Question 2 reset

When the items included in a sample are based on the judgement of the individual conducting the sample , the sample is said to be non - random.

True

False

Question 3 reset

A statistic is a characteristic of a population.

True

False

Question 4 reset

A sampling plan that selects members from a population at uniform intervals in time order or space is called stratified sampling.

True

False

Question 5 reset

As a general rule, it is not necessary to include a finite population multiplier in a computation for standard error of the mean when the size of the sample is greater than 50.

True

False

Question 6 reset

The probability distribution of all the possible means of samples is known as the sample distribution of the mean.

True

False

Question 7 reset

The principles of simple random sampling are the theoretical foundation for statistical inference.

True

False

Question 8 reset

The standard error of the mean is the standard deviation of the distribution of sample means.

True

False

Question 9 reset

A sampling plan that divides the population into well - defined groups from which random samples are drawn is known as cluster sampling.

True

False

Question 10 reset

With increasing sample size, the sampling distribution of the mean approaches normality, regardless of the distribution of the population.

True

False

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