Examlex
Which of the following sets of sampling techniques contains only probability sampling technique?
a) simple random sampling, stratified sampling, cluster sampling
b) stratified sampling, judgmental sampling, systematic sampling
c) convenience sampling, judgmental sampling, quota sampling
d) quota sampling, cluster sampling, simple random sampling
Economy's Capacity
The maximum level of output that an economy can produce without leading to inflation, utilizing its available resources efficiently.
Opportunity Cost
The price paid for not selecting the next most favorable alternative during decision-making.
Attending College
Attending College refers to the act of enrolling in and attending an institution of higher education in pursuit of a degree or certificate.
Most Valued Opportunity
Refers to the highest ranked alternative forfeited when a particular decision is made, also known as the opportunity cost.
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