When a Small Sample Is Used, a Stratified Random Sample

question 139

True/False

When a small sample is used, a stratified random sample is more likely to provide the desired information than a simple random sample.

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Definitions:

Tariffs

Taxes imposed by a government on imported goods and services.

Revenue

The sum of revenue resulting from the sales of products or services that are central to a company's main business activities.

Comparative Advantage

Comparative advantage refers to the ability of a country to produce a certain good more efficiently and at a lower opportunity cost than another country.

Absolute Advantage

The capacity of a nation, person, or company to generate a greater quantity of a product or service than its rivals with an identical level of resources.