Probability Samples Are Those for Which the Members of the Population

question 38

Multiple Choice

Probability samples are those for which the members of the population:

• A)can be found for survey purposes.
• B)all have a chance of being included in the sample.
• C)have an unknown chance of being included in the sample.
• D)whose responses may be predetermined with some known probability.
• E)are likely to have been sampled before.

---

Definitions:

Compound Interest

Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Present Value

The assessed present-day value of money to be received in the future or a pattern of cash inflows, factoring in an established rate of return.

Effective Rate

is the actual interest rate that an investment earns or a loan incurs, including the effects of compounding over a given period.

Present Value

The current worth of a future sum of money or stream of cash flows given a specific rate of return, accounting for the time value of money.