Identify Which of These Types of Sampling Is Used: Simple

question 167

Multiple Choice

Identify which of these types of sampling is used: simple random, stratified, systematic, or convenience.
-The name of each contestant is written on a separate card, the cards are placed in a bag, and three names are picked from the bag.

• A)Stratified
• B)Systematic
• C)Simple random
• D)Convenience

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Definitions:

Calculating Interest

The process of determining the interest payment on a loan or investment based on the principal, rate, and time.

Trade Receivables

amounts owed to a business by its customers for goods or services sold on credit.

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered on credit, expected to be collected in cash.

Notes Receivable

Financial assets representing amounts owed to the holder by the issuer that are supported by formal agreements or promissory notes.