Molly's Reach, a Regional Restaurant and Gift Shop, Has Recently

question 4

Multiple Choice

Molly's Reach, a regional restaurant and gift shop, has recently launched an increased sales campaign, particularly focused on their gift shop.To determine if their proposal is of interest,
They plan to survey a random sample of their regular customers.One member of the
Management team at Molly's Reach suggests that their survey could be conducted online.
Customers logging on to the online store would be asked to take a few minutes to complete
The survey and would be offered a coupon as incentive to participate.Which of the following
Statements is true?

• A)This is a voluntary response sample.
• B)This would result in an unbiased random sample.
• C)This would result in a biased sample.
• D)Both A and B
• E)Both A and C

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Definitions:

Aggregate Demand

is the total demand for all goods and services within a particular market or economy at a given price level and in a given time period.

Economic Fluctuations

Variations in the level of economic activity in a country over time, characterized by periods of boom and recession.

Future Optimism

A psychological state or economic theory that anticipates positive outcomes and growth in the future.

Rising Prices

Rising prices refer to the phenomenon where the general level of prices for goods and services in an economy increases over time, often indicative of inflationary pressures.