Which of the Following Is a Type of Probability Sampling

question 45

Multiple Choice

Which of the following is a type of probability sampling?

• A) Convenience
• B) Judgment
• C) Quota
• D) Cluster

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Definitions:

Competitive Market

A market in which there are many buyers and sellers, so that each has a negligible impact on the market price.

Perfectly Competitive Firm

A business that operates in a market where there are many buyers and sellers, all products are similar, and there are no barriers to entering or exiting the market.

Avocado Farmer

An individual or entity engaged in the cultivation and production of avocados, managing orchards and participating in the agricultural market.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at various prices.