If No List of the Population Exists, Then You Could

question 45

Multiple Choice

If no list of the population exists, then you could not use:

• A) systematic sampling.
• B) simple random sampling.
• C) stratified random sampling.
• D) any of these

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Definitions:

AFC

AFC, or Average Fixed Cost, is the total fixed costs of production divided by the quantity of output produced.

Output

The total amount of goods or services produced by a company, industry, or economy within a specified period.

Fixed Costs

Expenses that do not change with the volume of output, such as rent, salaries, and insurance premiums.

Variable Costs

Expenses that vary directly with the amount of production output.