The Professor of a Business Statistics Class Wanted to Find

question 173

True/False

The professor of a business statistics class wanted to find out the mean amount of time per week her students spent studying for the class.She divided the fifty students on her roster into ten groups starting from the first student on the roster.The first student was randomly selected from the first group.Then every tenth student was selected from the remaining students.This is an example of a cluster sample.

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Definitions:

Marginal Cost

The increase in expenses associated with the production of an extra good or service unit.

Price Discrimination

A pricing strategy where a firm sells the same product at different prices to different groups of consumers, based on their willingness to pay, without any differences in production cost.

College ID Cards

Identification cards issued by colleges or universities to students, faculty, and staff to access campus facilities and services.

Ice Cream Store

A retail shop specializing in selling ice cream and related desserts.