In Stratified Sampling,the Population Is Divided into Relatively Homogeneous Subsets

question 50

True/False

In stratified sampling,the population is divided into relatively homogeneous subsets called strata,and then random samples are taken from each stratum.

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Definitions:

Certain Income

A guaranteed or fixed amount of money received, not subject to variations or uncertainties.

Expected Utility

A concept in economics that represents the total utility an individual anticipates or expects to receive from a set of outcompeting choices under conditions of uncertainty.

Uncertainty

Refers to situations where the outcomes or future events are unknown, often affecting decision-making in economics and finance.

Expected Total Utility

The anticipated sum of satisfaction or happiness that an individual expects to receive from the consumption of goods or services.