Which of the Following Is True Regarding Probability Samples

question 89

Multiple Choice

Which of the following is true regarding probability samples?

• A)They are as perfect as a census and contain no errors caused by competitors.
• B)They will always contain some inaccuracy (sample error).
• C)They contain serious mistakes,but can be adjusted by statistical weighting procedures.
• D)They are particularly susceptible to nonsampling errors.
• E)When they approach large values,say 1,000,they are equivalent to a census.

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Definitions:

Marginal Subcontracting Cost

The additional cost incurred for producing one more unit of a product through subcontracting.

Layoff Cost

The financial charges incurred by a company when it has to terminate employees, which can include severance pay, benefits continuation, and other related expenses.

Hiring And Training Cost

Expenses related to recruiting new employees and providing them with the necessary skills and knowledge for their positions.

Regular Time Cost

The cost associated with normal working hours, including wages for employees and operational expenses incurred during standard business hours.