Simple Random Sampling Is a Sampling Method Which Ensures That

question 114

True/False

Simple random sampling is a sampling method which ensures that every combination of n members of the population has an equal chance of being selected.

---

Definitions:

Demand Curve

An illustration depicting the correlation between a product's price and the level of demand from buyers, often characterized by a descending trajectory.

MR

Marginal Revenue, which is the increase in revenue resulting from the sale of one additional unit of a product.

Output Level

The amount of output produced by a firm or an industry within a certain period.

Demand Curve

An illustrated diagram indicating how consumer demand for a product varies with changes in its price.