There Are Two Practical Applications in Which Simple Random Sample

question 20

True/False

There are two practical applications in which simple random sample designs are employed quite successfully: random digit dialing and computer-based random samples.

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Definitions:

Firms

Firms refer to business entities or organizations that produce goods or provide services with the aim of making a profit.

Industry

A sector of the economy that is made up of manufacturing, production, or provision of services within a specific domain of activity or expertise.

Marginal Revenue

The supplementary income received from the sale of an additional unit of a product or service.