Describe the Four Probability Sampling Methods in Which There Is

question 35

Essay

Describe the four probability sampling methods in which there is a known chance of a member of the population being selected into the sample.

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Definitions:

Rate of Return

The profit or deficit experienced on an investment within a specific duration, shown as a percentage of the investment's initial value.

Successive Years

Consecutive years; years following one after another in a sequential order.

Annual Rate of Return

The percentage of profit or loss on an investment over the period of a year.

Equal Payments

Payments of the same amount over a specified period of time.