Which of the Following Is NOT a Reason for Selecting

question 179

Multiple Choice

Which of the following is NOT a reason for selecting a sample?

• A)A sample is less time consuming than a census.
• B)A sample is less costly to administer than a census.
• C)A sample is usually not a good representation of the target population.
• D)A sample is less cumbersome and more practical to administer.

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Definitions:

Annual Interest Rate

The percentage of interest that will be charged or earned on an amount of money over the span of a year.

Deposit

Money placed into a financial institution for safekeeping, which can also earn interest depending on the type of account.

Semiannually Compounded Rate

An interest rate that is compounded twice a year, affecting the total amount of interest earned or paid.

Interest

The cost of borrowing money, typically expressed as an annual percentage of the loan amount.