Which of the Following Is NOT True for Simple Random

question 44

Multiple Choice

Which of the following is NOT true for simple random sampling?

• A) Each element has a known chance of being selected.
• B) Each element has a non-zero chance of being selected.
• C) Each element has an equal chance of being selected.
• D) Each combination of n population elements has an equal chance of being selected.
• E) All of the above are true statements.

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Definitions:

Perfectly Elastic Demand Curve

A demand curve with infinite elasticity, where consumers are willing to purchase any amount of a product at a certain price, but none at any slightly higher price.

Output

Refers to the total amount of goods or services produced by an individual, firm, or country within a specific period.

Firm

A business organization, such as a corporation or partnership, that sells goods or services for profit.

Marginal Revenue

The enhanced earnings from selling an additional unit of a product or service.