If a Systematic Random Sample Is to Be Selected of Size

question 161

Multiple Choice

If a systematic random sample is to be selected of size 100 from a population with 5,000 items, the first item selected from the ordered population will be:

• A) randomly selected between 1 and 100.
• B) randomly selected between 1 and 50.
• C) any randomly selected value between 1 and 5,000.
• D) item 50.

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Definitions:

Required Reserve Ratio

The fraction of deposits that a bank is required by regulation to hold in reserve, either in its own vaults or with a central bank, and not lend out.

Money Supply

The sum of physical currency, demand deposits, savings, and other liquid assets in a country's economy.

Fed

Known as the Federal Reserve System, the central bank of the United States oversees the nation's monetary policy.

Depository Institution

A financial institution legally allowed to accept monetary deposits from consumers, such as banks and credit unions.