The Basic Difference Between an Arbitrary and a Conventional Sample

question 31

Multiple Choice

The basic difference between an arbitrary and a conventional sample size determination is that:

• A)the conventional approach has no defensible logic,whereas the arbitrary approach appears to have faulty logic.
• B)the conventional approach doesn't appear to be logical,whereas the arbitrary approach has defensible logic.
• C)the arbitrary approach has no defensible logic,whereas the conventional approach is logical.
• D)the arbitrary approach has no defensible logic,whereas the conventional approach appears logical but is faulty.
• E)the arbitrary approach,though arbitrary,has sound logic,and the conventional approach has conventional support.

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Definitions:

Tax Revenue

The income that is collected by the government through various forms of taxes from individuals and businesses.

Government

An organization, often a group of people, with the authority to govern a country or state.

Tax

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Price Ceiling

A Price Ceiling is a government-imposed limit on how high a price can be charged for a product, intended to protect consumers from exorbitant prices.