Simple Random Sampling Can Result in Under-Representation or Over-Representation of Certain

question 75

True/False

Simple random sampling can result in under-representation or over-representation of certain segments of the population.This is one of several reasons that simple random samples are almost never used in real applications.

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Definitions:

Innovation Success

The achievement of desired outcomes and impacts from new ideas, products, or processes, measured by criteria such as adoption, profitability, and market penetration.

Return on Investment

calculates the financial return on a particular investment relative to its cost, to evaluate its efficiency.

Marketing Pull

A strategy that creates demand through consumer interest and engagement, drawing customers toward a product or brand.

Emotional Associations

The feelings and emotions that consumers connect with a brand, influenced by their experiences and perceptions.