Stratified Sampling Is Preferred Over Cluster Sampling When It Is

question 3

True/False

Stratified sampling is preferred over cluster sampling when it is difficult or costly to develop a complete list of the population members.

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Definitions:

Salvage Value

The forecasted selling price for an asset once it reaches the end of its operational life.

Depreciation Expense

The allocated expense of a tangible asset over its useful life, representing the asset's reduction in value due to use and wear and tear.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a company's assets over time.

Units-Of-Activity

A depreciation method that allocates the cost of an asset over its useful life based on the number of units it produces or the hours it operates.