Which of the Following Is Not a Benefit of a Stratified

question 49

Multiple Choice

Which of the following is not a benefit of a stratified sampling plan?

• A)Members of a stratum, or similar group, are likely to respond the same, which leads to results with lower variability.
• B)Increased precision
• C)Statistics from a stratum will reflect the parameters of the population (from which the stratum was drawn)as a whole.
• D)All of these are benefits of a stratified sampling plan.

Identify the factors influencing the price elasticity of demand for various goods and services.

Analyze the effects of public policy on consumer behavior and market outcomes in the health-care industry.

Apply knowledge of price elasticity to discuss and predict consumer reactions to price changes.

Differentiate between elastic, inelastic, and unitary elastic demand based on graphical representations.

---

Definitions:

Coordinated

Actions or efforts that are managed in such a way as to ensure efficiency and harmony in achieving a goal.

Effective Control

The process or system put in place to guide activities towards achieving organizational goals efficiently and effectively.

Internal

Occurring or existing within an organization or entity.

External Control

The belief or perception that one's successes or failures result from external forces or the influence of others, rather than one's own efforts.