Which Type of Bias Is the Result of Nonrandom Sampling

question 21

Multiple Choice

Which type of bias is the result of nonrandom sampling and causes some members of the population to have a lesser chance of being chosen for the sample than others?

• A) Sampling
• B) Selection
• C) Information
• D) Compliance

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Definitions:

Economic Profit

The gap measured between comprehensive earnings and widespread costs, including both evident and implicit fees.

Fixed Costs

Costs that do not change with the level of output produced by a firm, such as rent, salaries, and insurance.

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical.

Profit-Maximizing

The process or strategy of adjusting production and sales to achieve the highest possible profit under given conditions.