For Questions Use the Following Narrative

question 2

Multiple Choice

For Questions use the following narrative
Narrative: Apartment complex
Suppose you want to survey the opinions of the residents of an apartment complex.The complex contains 100 buildings, each with 8 units per building, for a total of 800 units.You decide to sample 160 of the units.
-{Apartment complex narrative} Suppose you start at a random starting point, and select every 5th unit to be in your sample, until you sample 160 units.What sampling method did you use?

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

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Definitions:

Lockbox

A service offered by banks to companies for the collection of payments from customers, involving a special post office box to speed up the deposit process.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.

Accounts Receivable

Money owed a company by its clients or customers who have promised to pay for the products at a later date.