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The Admissions Officer from a Large University Mailed a Survey

question 54

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The Admissions Officer from a large university mailed a survey to 600 students selected at random.The sample was designed to include 150 students randomly selected from each of the freshman,sophomore,junior,and senior classes on campus.What sampling method was used?


Definitions:

Net Present Value

A method of evaluating investment opportunities that calculates the difference between the present value of cash inflows and outflows over a period of time.

Capital Expenditure

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Salvage Value

The projected value of an asset for sale at the conclusion of its operational lifespan.

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