What Is the Defining Characteristic of a Random Sample

question 105

Multiple Choice

What is the defining characteristic of a random sample?

• A) It consists of an equal number of men and women.
• B) It is created by asking questions of people who randomly happen to walk by.
• C) It gives each person in the population of interest an equal chance of being chosen.
• D) It ensures that every person in the sample represents a specific racial, gender, or religious group.

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Definitions:

Present Value

A financial concept that calculates the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Future Salary Levels

Projected or anticipated salaries for employees, taking into account factors such as inflation, promotion prospects, and market trends.

Defined Contribution Plans

A type of retirement plan where the employer, employee, or both make contributions on a regular basis, but future benefits are based on the amount contributed and the performance of the investment options chosen by the participant.

Cash

A form of liquid asset that represents money in physical form, such as banknotes and coins.