In Order to Estimate the Average Amount of Money Due

question 19

Multiple Choice

In order to estimate the average amount of money due on 484 open accounts, the accountant at a large manufacturing company randomly selects 25 open accounts to audit. What kind of sampling does this illustrate?

• A)Systematic
• B)Stratified
• C)Cluster
• D)Random sampling

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Definitions:

Correlational Approach

A research strategy that involves observing and measuring the relationship between two or more variables without manipulating them.

Imply Causation

To suggest that one event is the result of the occurrence of another event without direct evidence, often confused with correlation.

Third Variable

A factor, often unmeasured, that can be the true cause behind the observed relationship between two variables.

Correlational Method

Research in which two or more variables are measured and compared to determine to what extent, if any, they are associated.