To Study the Number of Credit Hours Taken by a Typical

question 85

Multiple Choice

To study the number of credit hours taken by a typical student, Shawna asks the registrar to provide
E-mail addresses for 10 freshmen, 10 sophomores, 10 juniors, and 10 seniors. From each group, she
Asks for one whose student ID ends in 0, one whose ends in 1, and so forth. a. What method of
Sampling did she use?

• A)Stratified
• B)Systematic
• C)Cluster
• D)Random

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Definitions:

Arbitrage

The practice of buying and selling the same assets in different markets to take advantage of differing prices for the same asset.

Antitrust Laws

Legislation enacted to prevent monopolies or unfair business practices that restrict free competition, thereby protecting consumers and ensuring a fair market environment.

Natural Monopoly

A type of monopoly that exists due to the high cost or complexity of operating in a specific industry, which effectively prevents other competitors.

Monopoly Inefficiency

The loss of economic efficiency that occurs when a single firm controls the market, leading to higher prices and lower product quantity or quality than in competitive markets.