Identify Which Type of Sampling Is Used

question 12

Multiple Choice

Identify which type of sampling is used. To avoid working late, a quality control analyst simply inspects the first 100 items produced in a day.

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

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Definitions:

Demand Probability

The likelihood that a specific level of demand will occur within a certain period.

Monte Carlo Simulation

An algorithm that utilizes multiple instances of random sampling to generate numerical outcomes, commonly applied in assessing risks and making decisions.

Cumulative Probability

The probability that a random variable is less than or equal to a specific value, representing the accumulation of individual probabilities.

Demand Probability

The likelihood or chance of a product or service being purchased at various levels of demand within a specific period.