Not Sampling from the Intended Target Population Is an Example

question 29

Multiple Choice

Not sampling from the intended target population is an example of _____.

• A) stratified sampling
• B) sampling error
• C) cluster sampling
• D) nonsampling error

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Definitions:

Marginal Revenue

The boost in revenue achieved by selling one more unit of a good or service.

Demand Curve

A graph demonstrating the relationship between the price of a good or service and the quantity demanded for it at those prices, typically showing a downward slope from left to right.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at different price levels.

Marginal Cost

The elevation in full costs that come from generating an additional unit of a good or service.