Convenience Sampling Is the Least Expensive and Least Time Consuming

question 85

True/False

Convenience sampling is the least expensive and least time consuming of all sampling techniques.

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Definitions:

Median

The middle value in a list of numbers, which divides the dataset into two halves.

Mode

The value that occurs most frequently in a given set of data.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values tend to be close to the mean of the set.

Variability

Refers to the degree of difference or deviation from the mean within a set of data.