Examlex

Solved

Identify Which of These Types of Sampling Is Used: Random

question 34

Multiple Choice

Identify which of these types of sampling is used: random, stratified, systematic, cluster, convenience.
-49, 34, and 48 students are selected from the Sophomore, Junior, and Senior classes with 496, 348, and 481
Students respectively.


Definitions:

Seasonality

The phenomenon in sales or industry performance that recurs consistently in specific seasons of the year, affecting demand and supply dynamics.

Time-Series Forecasting Methods

Statistical techniques used to analyze and make predictions based on data points collected or indexed in time order.

Historical Demand

The record of past customer demand for a product or service, used to predict future demand patterns and guide inventory and production planning.

Forecast

A prediction or estimate of future events or trends, especially regarding weather or economics.

Related Questions