A Sample Chosen in Such a Way That Every Possible

question 45

Multiple Choice

A sample chosen in such a way that every possible subset of same size has an equal chance of being selected is called a _____sample.

• A)cluster
• B)systematic random
• C)simple random
• D)stratified random

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Definitions:

Day-to-Day Operations

Routine activities and tasks necessary for the ongoing functioning of a business or organization.

Work in Process Inventory

Goods that are partially completed in the production process, including the accumulation of labor, material, and overhead costs.

Manufacturing Costs

Expenses related to the production of goods, including direct materials, direct labor, and manufacturing overhead.

Cost of Goods Manufactured

Cost of Goods Manufactured is the total production cost of goods completed during a specific period, including costs of materials, labor, and overhead.