Author Question: The probability of an event is the: A) time taken for the event to occur. B) frequency at which ... (Read 181 times)

nenivikky · **on:** Jun 29, 2018

The probability of an event is the:

A) time taken for the event to occur.
B) frequency at which the event occurs.
C) net benefit to society from the event.
D) total number of economic agents affected by the event.

Question 2

Which of the following statements is true?

A) Empirical arguments can be supported without the use of data.
B) Using a large data set will strengthen the force of an empirical argument
C) Using fewer observations will strengthen the force of an empirical argument.
D) The number of observations used does not affect the strength of an empirical argument.