If Northwest Airlines Selects Randomly a Set of 40 Flights

question 66

Multiple Choice

If Northwest Airlines selects randomly a set of 40 flights on a given day,and then selects randomly a group of ten passengers on each of these flights to participate in an in-flight survey,the passengers are best referred to as a ____.

• A)PSU
• B)census
• C)systematic sample
• D)secondary sampling unit

---

Definitions:

Cash Receipts Procedure

A set of steps followed by a business to track and document the inflow of cash from transactions.

Bank Reconciliation

A method to check and resolve any differences between the bank's records and a company's financial records, often involving the reconciliation of a bank statement.

Collection Fee

A charge levied for the service of collecting funds from a debtor or processing payments.

Accrued Interest

Interest that has been earned but not yet received or recorded as income by the end of the accounting period.