A Simple Random Sample of Size N from a Finite

question 1

Multiple Choice

A simple random sample of size n from a finite population of size N is a sample selected such that each possible sample of size

• A)N and n have the same probability of being selected.
• B)n has a probability of 0.5 of being selected.
• C)n has a probability of 0.05 of being selected.
• D)n has the same probability of being selected.

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Definitions:

Pesos

The national currency of several countries in Latin America as well as the Philippines.

Law of One Price

The law of one price posits that in efficient markets, identical goods should have only one price, accounting for transportation costs and after tax adjustments.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another.

Canadian Dollars

The Canadian Dollar is the currency of Canada, symbolized as CAD or C$, and it is one of the major currencies traded globally.