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What Is Stratified Random Sampling and When Would a Researcher

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Essay

What is stratified random sampling and when would a researcher use it? Give an example.


Definitions:

Paper Money

Currency issued by a government or central bank in the form of paper notes and used as legal tender for transactions.

Goldsmiths

Historically, craftsmen who made and traded gold items, but also pivotal in the development of banking as they stored and lent money.

Gold Standard

An economic system where a fixed amount of gold serves as the standard unit of currency.

Branch Banking

Refers to a banking system where a single bank operates multiple outlets or branches, providing a range of banking services in different locations.

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