In Selecting a Sample for Attribute Testing, Systematic Selection Involves

question 4

Multiple Choice

In selecting a sample for attribute testing, systematic selection involves which of the following approaches?

• A) Each item in the population having an equal chance of selection.
• B) Every nth item being selected after a random start.
• C) An arbitrary selection with no conscious bias.
• D) Selecting all items on a day or week.

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Definitions:

Diminishing Returns

The principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.

Marginal Product

The increase in output resulting from a one-unit increase in the input of a production factor, holding all other inputs constant.

Marginal Product

The additional output resulting from one more unit of a given input, holding all other inputs constant.

Average Product

The output per unit of input, measured by dividing the total product by the quantity of input.