BUSINESS STATISTIC Business statistic Business statisticQUIZ ON CHAPTER SEVEN: SAMPLING AND SAMPLING DISTRIBUTIONS In the following multiple-choice questions, circle the correct answer.1.The set of all elements of interest in a study isa. set notation b. a set of interest c. a sample d. a population 2.A subset of a population selected to represent the population is aa. subset b. sample c. small population d. None of the alternative answers is correct. 3.The purpose of statistical inference is to provide information about thea.sample based upon information contained in the populationb.population based upon information contained in the samplec.population based upon information contained in ...