Which of These Types of Sampling Is Used

question 29

Multiple Choice

which of these types of sampling is used
-A market researcher selects 500 people from each of 10 cities.

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

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash and buildings, used by a business to produce goods or services.

Least-Cost Combination

An economic principle where firms aim to achieve the lowest possible cost of production by efficiently combining resources.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, while holding other inputs constant.

Total Dollars

The aggregate or total amount of money without adjusting for factors such as inflation or purchasing power.