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Introduction to Statistics

In order to s...

Question

In order to save time and money, economists may collect their data by __________.

A

door to door survey

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B

the use of censuses

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C

using the earlier research papers

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D

the use of samples

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Solution

The correct option is D the use of samples
In order to save time and money, economists may collect their data by the use of samples.An observed set of the population that has been selected for analysis is called a sample. A sample is a small part of the whole information.

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