Suppose You Wish to Test a Representative Sample of People

question 22

Multiple Choice

Suppose you wish to test a representative sample of people in your psychology class on attitudes toward on-line courses. There are 40 people in the class, 30 females and 10 males. What would be the most efficient strategy to ensure that your sample reflects the distribution of males and females in the classroom population?

• A) simple random sample
• B) cluster sample
• C) proportional stratified sample
• D) convenience sample

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Definitions:

Profit Margin

The ratio of a company's net income divided by its revenue, indicating how much profit the company makes for each dollar of sales.

Unbundling

The practice of separating out parts of a service or product to sell them individually, often used to offer more transparency and choice to customers.

Seasonal Discount

A price reduction offered on products or services during certain times of the year when demand is predictably lower or higher.

Underpricing

The practice of setting the price of a product or service lower than the market value or cost, often to attract customers or gain market share.