Each and Every Time a Sample Is Selected, Sampling Error

question 89

True/False

Each and every time a sample is selected, sampling error must be assumed.

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Definitions:

Chequing Account

A bank account from which money can be withdrawn without notice, usually through the issuance of checks.

Master Account

An overarching account that has the authority and capability to control other accounts within a financial or investment framework.

Lockbox System

A service offered by banks to companies for the receipt of payment from customers, directly into a bank's post office box, to minimize the time it takes to deposit checks and access funds.

Collection Time

The average period it takes for a business to collect payments owed by its customers.