________ Is a Selection Method Where the Elements Are Selected

question 99

Multiple Choice

________ is a selection method where the elements are selected sequentially.It explicitly incorporates prior information about population parameters as well as the costs and probabilities associated with making wrong decisions.

• A)Bayesian approach
• B)Sampling with replacement
• C)Sampling without replacement
• D)Simple random sampling

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Definitions:

Drawee Bank

The bank upon which a check is drawn and is responsible for paying the check amount to the payee.

Void Check

A void check is a check that has been cancelled or invalidated, making it non-negotiable and preventing its use for payment.

Notice Requirement

Legal obligations that mandate certain information be given to relevant parties in specific situations, often within a defined timeframe.

Ordinary Care

The level of attention, caution, and prudence that a reasonable person in similar circumstances would exercise to avoid harm.