Whether a Sample Can Be Categorized as a Probability Sample

question 105

Multiple Choice

Whether a sample can be categorized as a probability sample or a nonprobability sample depends on the ________ of the sample.

• A) validity
• B) responsiveness
• C) representativeness
• D) flexibility
• E) reliability

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Definitions:

Proceeds

The total amount of money received from a sale or transaction.

Replacement Cost

The amount of money required to replace damaged or lost assets with new ones of the same or similar quality.

Coinsurance Clause

A provision in insurance policies that requires both the insurer and the insured to share the costs of claims according to a fixed percentage.

Fire Insurance Policy

A contract that provides financial compensation to the insured in case of fire damage to property or goods.