Identify the Sampling Technique Used in the Following Information

question 8

Multiple Choice

Identify the sampling technique used in the following information. An important part of employee compensation is a benefits package that might include health insurance, life insurance, child care, vacation days, retirement plan, parental leave, bonuses, etc. Suppose you want to conduct a survey of benefits packages available in private businesses in Hawaii. You want a sample size of 100. Sampling technique used to get the sample size of 100 is described below.
Use the Island Business Directory. Number all the businesses. Select a starting place at random, and then use every 50th business listed until you have 100 businesses.

• A)Convenience sample
• B)Simple random sample
• C)Systematic sample
• D)Cluster sample
• E)Stratified sample

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Definitions:

Nominal Interest

The interest rate before adjustments for inflation. In contrast, real interest rates take inflation into account.

After-tax Real Interest Rate

The real interest rate that remains after adjusting for both inflation and the impact of taxes, reflecting the actual earning power of an investment after inflation and tax effects.

Inflation Rate

The percentage rate of increase in the general level of prices for goods and services in an economy over a period of time.

Jimmy Carter

Former President of the United States from 1977 to 1981, known for his contributions to peace and humanitarian efforts.