Determine the Sampling Technique Which Is Used

question 1

Multiple Choice

Determine the sampling technique which is used
-A market researcher randomly selects 100 homeowners under 55 years of age and 500 homeowners over 55 years of age. What sampling technique was used

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

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Definitions:

Deposits

Funds placed into an account at a banking institution for safekeeping, which can earn interest over time depending on the type of account.

Investment

Allocating financial resources with the goal of achieving returns or profits.

Compounded Monthly

The process where the interest earned on an investment is calculated monthly and added to the principal sum, resulting in interest on interest.

Deposits

Money placed into a bank account or with a financial institution for safekeeping or to earn interest.