Determine the Sampling Technique Which Is Used

question 3

Multiple Choice

Determine the sampling technique which is used
-A statistics student interviews everyone in his apartment building to determine who owns a cell phone. What sampling technique is used

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

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Definitions:

Variances

Variances refer to the differences between planned, budgeted, or standard costs and the actual costs incurred, indicating deviations in financial and operational performance.

Closing

The process of finalizing accounts at the end of an accounting period by transferring balances to permanent accounts.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Standard Costs

Predetermined costs to manufacture a single unit of product, serving as a benchmark for measuring performance.