If Virgin Australia Randomly Selects a Set of 10 Flights

question 49

Multiple Choice

If Virgin Australia randomly selects a set of 10 flights on a given day, then randomly selects a groups of 10 passengers on each of these flights to participate in an in-flight survey, then the passengers are a:

• A) primary sampling unit.
• B) tertiary sampling unit.
• C) systematic sampling unit.
• D) secondary sampling unit.

---

Definitions:

Supply Chain Surplus

Supply chain surplus refers to the total value generated by all participants in the supply chain, aiming to maximize the value created while minimizing costs.

Differential Costing

A technique used in management accounting to analyze costs that change under different business decisions, helping in budgeting and decision-making.

Optimization

The process of making something as fully perfect, functional, or effective as possible, often through using mathematical models.

Revenue Management

Techniques and strategies used to optimize the amount of revenue generated, often through adjusting pricing, timing, and availability in response to demand.