The Evening Host of a Dinner Dance Reached into a Bowl,mixed

question 94

Multiple Choice

The evening host of a dinner dance reached into a bowl,mixed all the tickets around,and selected the ticket to award the grand door prize.What sampling method was used?

• A)Simple random sample
• B)Systematic sample
• C)Stratified sample
• D)Cluster sample

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Definitions:

Potential Losses

Refers to the maximum amount of money that can be lost in an investment or a portfolio of investments.

Information Processing Errors

Mistakes made in evaluating, interpreting, or remembering information, often affecting decision-making and judgments.

Forecasting Errors

Discrepancies between predicted values and the actual values that occur in the process of forecasting.

Conservatism

In the context of finance and accounting, refers to the principle of underestimating potential incomes and overestimating potential losses, aiming to present a more secure position of a company.