Financial Analyst Larry Potts Needs a Sample of 100 Securities

question 35

Multiple Choice

Financial analyst Larry Potts needs a sample of 100 securities listed on the Toronto Stock Exchange.The current issue of the Report on Business Magazine, has an alphabetical list of the 2,531 securities that are listed in the "Toronto Exchange Composite Transactions," an alphabetical listing of all securities traded on the previous business day.Larry randomly selects the 7th security as a starting point, and selects every 25th security thereafter (7, 32, 57, etc.) .His sample is a ___.

• A)quota sample
• B)simple random sample
• C)stratified sample
• D)systematic sample
• E)cluster sample

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Definitions:

Taxable Income

The portion of an individual's or business's income that is subject to income tax, after exemptions and deductions.

Taxable Income

The amount of an individual's or entity's income used to determine how much tax is owed, calculated as gross income minus deductions and exemptions.

Monthly Salary

The amount of money an employee is paid each month for their job performance, not including bonuses or overtime pay.

Net Pay

The amount of an employee's earnings after all deductions, such as taxes and retirement contributions, have been removed.