One Obvious Advantage of Stratified Sampling Is That We Obtain

question 3

True/False

One obvious advantage of stratified sampling is that we obtain separate estimates within each stratum - which we would not obtain if we took a simple random sample from the entire population.A more important advantage is that we can increase the accuracy of the resulting population estimates by using appropriately defined strata.

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Definitions:

Principal Debtor

The main individual or entity legally obligated to repay a debt or loan in accordance with the terms of the agreement.

Guarantor

An individual or entity that agrees to be responsible for another's debt or performance under a contract if the original party fails to meet their obligations.

Obligor

A person who is bound by a promise or other obligation; a promisor.

Statute of Frauds

A legal doctrine requiring certain contracts to be documented in writing and officially signed, aimed at preventing fraudulent claims and enforcing agreements.