Stratified Random Sampling Differentiates All Elements in the Population on the Basis

question 21

Multiple Choice

Stratified random sampling differentiates all elements in the population on the basis of their value on some relevant characteristic, and then they are ______.

• A) sorted into positive and negative forms of the element
• B) disproportionately sampled within each stratum
• C) sampled randomly from within these strata
• D) put into a random digit dialing program to properly sample them

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Definitions:

Retrospective Approach

The retrospective approach in accounting involves restating past financial statements as if a new accounting policy had been in effect in those periods, to provide consistency in financial reporting.

Depreciation Rate

The percentage or method used annually to allocate the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.

Salvage Value

The estimated residual value of an asset after the asset has reached the end of its useful life.

Equipment Purchase

The acquisition of physical assets like machinery, computers, or production tools for business operations, often involving capital expenditure.