Solved

The Mayor of a Large U

question 144

Multiple Choice

The mayor of a large U.S. city is interested in addressing complaints from many property owners regarding recent property assessments. Many people feel that they are being overtaxed and that their assessments are too high. To study this issue, the mayor plans to hire consultants to randomly select homes in the city and have these homes independently assessed for value. However, she is concerned that the cost of sampling will be very high since the city is spread out over a wide geographical area. To potentially reduce the cost of sampling, which of the following statistical sampling techniques should be applied?

Definitions:

Developed, Democratic Countries

Nations characterized by advanced economic development, democratic governance, and high levels of social welfare.

Market Economies

Economic systems where supply and demand from consumers drive the production, allocation, and distribution of resources.

Privatisation

The selling of state‐owned enterprises into private ownership.

State-Owned Enterprises

Organizations that are owned and operated by the government and play a role in the delivery of public services or the production of goods.