Determine the Sampling Technique Which Is Used

question 57

Multiple Choice

Determine the sampling technique which is used
-Thirty-five math majors, 64 music majors and 35 history majors are randomly selected from 454 math majors, 309 music majors and 567 history majors at the state university. What sampling technique is used

• A) stratified
• B) random
• C) cluster
• D) convenience
• E) systematic

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Definitions:

Margin Of Safety

The difference between actual or projected sales and the break-even point, usually expressed in percentage terms, indicating the buffer against a loss.

Operating Leverage

The degree to which a firm can use fixed operating costs to magnify the effects of changes in revenue on its operating income.

Salesvolume

Refers to the total number of units sold within a specific period.

Net Operating Income

The profit generated from a business's operations after subtracting operating expenses, but before interest and taxes.