The Major Advantage of Cluster Sampling Over Simple Random Sampling

question 55

Multiple Choice

The major advantage of cluster sampling over simple random sampling is that it

• A) saves time and money
• B) yields more reliable research findings
• C) yields a higher degree of randomness in heterogenous populations
• D) yields a higher degree of randomness in homogeneous populations

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Definitions:

Cost of Money

Refers to the interest rate or the opportunity cost of borrowing or using money.

Car Dealer

A business that sells new or used cars at the retail level, typically based on a dealership contract with an automaker or sales subsidiary.

Lease

A contractual agreement where one party, the lessor, grants the other party, the lessee, the right to use an asset for a specified period in exchange for payment.

Discount Rate

A rate used to determine the present value of future cash flows; in monetary policy, it refers to the interest rate charged to commercial banks for loans from a central bank.