Which of the Following Is a Major Drawback of Probability

question 135

Multiple Choice

Which of the following is a major drawback of probability sampling?

• A) It can be time consuming.
• B) The sample is proportionate to the population.
• C) The most difficult population from which to obtain information is chosen.
• D) Everyone has an equal chance of selection.
• E) Marketers must rely on the judgment of the researcher in respondent selection.

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Definitions:

Change in Income

A variation in an individual's or household's earnings over a specific time frame.

Utility-Maximizing Rule

An economic principle that guides consumers to allocate their income in a way that maximizes their overall satisfaction.

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute more expensive items with cheaper alternatives.

Income Effect

The link between alterations in income for a person or the economy and the subsequent shift in demanded quantity of a product or service.