You Want to Study the General Amount of Drug Use

question 53

Multiple Choice

You want to study the general amount of drug use at your university. You obtain a complete list of students. You then put all the names into a box and have a blindfolded person select as many people as you needed. This is called:

• A)random selection
• B)haphazard selection
• C)specified selection
• D)type B selection

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Definitions:

Commodity Grade

A classification standard that specifies the quality and condition of commodities to ensure they meet minimum standards for trading.

Basis

The difference between the spot price of an asset and the futures price of the same asset.

Long Hedger

An investor who purchases futures contracts or the underlying asset to protect against potential price increases.

Short Hedger

An investor who enters into contracts to protect against potential losses from declining prices in the assets they hold.