A Cluster Sample Occurs When You Randomly Select Groups,and for Each

question 26

True/False

A cluster sample occurs when you randomly select groups,and for each group selected,you sample every single member of that group.

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Definitions:

Average Variable Cost

The total variable costs (costs that change with the level of output) of production divided by the quantity of output produced.

Industry Expands

The growth phase of an industry characterized by an increase in output, number of producers, or production capacity.

Accompanying Graph

A visual representation used alongside data or concepts to illustrate trends, patterns, or relationships in a clear and effective manner.

Decreasing-Cost Industry

An industry in which costs per unit decline as the industry scales up production, often due to economies of scale.