A Researcher Interested in the Habits and Attitudes of Stamp

question 61

Multiple Choice

A researcher interested in the habits and attitudes of stamp collectors speaks to one stamp collector, and asks him to provide the contact details of other stamp collectors. What type of sampling procedure is the researcher using?

• A) Systematic sampling
• B) Convenience sampling
• C) Snowball sampling
• D) Judgment sampling

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Definitions:

T-bills Yield

The return on investment for U.S. Treasury bills, being a measure of the interest income earned from holding these government securities.

Collect Funds

The process of gathering or accumulating money from different sources or transactions.

Flexible Cash

Funds that are readily available for use without restrictions or conditions, allowing for immediate allocation or investment.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on.