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.

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Definitions:

GAAP

An aggregation of universally recognized rules and standards in accounting for presenting financial information.

Non-Interest-Bearing Note

A type of promissory note that does not accrue interest over its life, with the borrower repaying only the principal amount borrowed.

Net Carrying Value

The current book value of an asset or company after subtracting total liabilities from total assets.