A Tractable and More Sophisticated Application of Simple Random Sampling

question 15

Multiple Choice

A tractable and more sophisticated application of simple random sampling is to use computer-generated numbers based on the concept of ________,which are numbers whose chance nature is assured.

• A)random devices
• B)random objects
• C)random targets
• D)random numbers

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Definitions:

IFRS

International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide how financial events are reported in financial statements globally.

GAAP

Generally Accepted Accounting Principles, standard guidelines and procedures for financial accounting and reporting in the U.S.

Indirect Method

A method used in cash flow statements where net income is adjusted for items that affected reported net income but did not result in an actual cash flow.

Direct Method

A cash flow statement presentation that lists actual cash inflows and outflows from operating activities.