A Newspaper Reporter Is Interested in the Outcome of a Local

question 13

Multiple Choice

A newspaper reporter is interested in the outcome of a local election on a controversial issue. She knows that opinions of voters who visit the polls in the morning could be different than those who
Visit later in the day and she does not want a biased sample. Which sampling method is likely to
Result in an unbiased sample?

• A) A systematic sample of every tenth voter throughout the day.
• B) A cluster sample of all the voters who visit the polls between 8:00 am and 9:00 am and between 5:00 pm and 6:00 pm.
• C) A large sample of voters that have been stratified by age.
• D) None of these.

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Definitions:

Second-degree Price Discrimination

A pricing strategy where prices vary based on the quantity consumed or purchased, not by who purchases or their personal characteristics.

Quantity Consumed

The total amount of a product or resource used by individuals, households, or an economy within a specified time frame.

Reservation Price

The maximum price a consumer is willing to pay for a good or service, or the minimum price a seller is willing to accept.

Market Price

The current value at which a good or service can be bought or sold in a marketplace, determined by the forces of supply and demand.