List the Four Advantages and Four Disadvantages of Probability-Proportional-To-Size (PPS)

question 25

Essay

List the four advantages and four disadvantages of Probability-Proportional-to-Size (PPS) Sampling compared to Variable Sampling.

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Definitions:

Future Benefits

The expected gains or returns from an investment or policy, often used in evaluating its worth.

Accrued Product Warranty

A liability representing the estimated costs of fulfilling product warranty obligations.

Pre-tax Book Income

The income of a company before taxes are deducted, as reported in its financial statements.

Deferred Tax

Deferred tax refers to taxes that are accrued but not yet paid due to timing differences between the recognition of income or expenses for financial reporting and tax purposes.