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A Doctor Is Interested in Surveying the Patients of His

question 30

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A doctor is interested in surveying the patients of his practice. She collects their names and provides each patient name with a unique number. Then, she chooses her sample using a random number generator. What type of sampling has she just conducted?


Definitions:

Strip Bond

A financial instrument representing a portion of a debt security without periodic interest payments, where the investor receives the face value at maturity.

Maturity

The time when a financial instrument, such as a bond or loan, reaches its due date and is to be paid off.

Compound-interest

Interest calculated on the initial principal and also on the accumulated interest of previous periods.

GIC

A Guaranteed Investment Certificate (GIC) is a Canadian investment that offers a guaranteed rate of return over a fixed period, often issued by banks or trust companies.

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