Identify and Explain the Four Types of Nonprobability Sampling Methods

question 51

Essay

Identify and explain the four types of nonprobability sampling methods.Provide examples of each.Why are these techniques inferior to probability sampling techniques?

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Definitions:

Revenue

The total amount of money earned by a company from its business activities, such as the sale of goods and services, before any expenses are deducted.

Departmental Income Statements

Financial statements that show the operating results of each department within a company, highlighting revenues and expenses.

Profit Center

A branch or division of a business that is responsible for generating its own revenue and profit.

Cost Center

A department within an organization that does not directly add to profit but still incurs costs.