When the Sample Size Is Very Small Less Than 10)

question 52

True/False

When the sample size is very small less than 10), a judgment sample may be more representative than a probability sample.

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Definitions:

Tax Deduction

An expense that can be subtracted from an individual's or organization's taxable income, effectively reducing the amount of taxes owed.

Private Property

Most basic freedom under the private enterprise system; the right to own, use, buy, sell, and bequeath land, buildings, machinery, equipment, patents, individual possessions, and various intangible kinds of property.

High-Quality

Refers to products, services, or processes that meet or exceed established standards and customer expectations.

Competitive Goods

Products or services that compete in the same market as others, appealing to the same set of consumers.