Which Method Will Result in Having a Truly Random Sample

question 128

Multiple Choice

Which method will result in having a truly random sample of the population of the United States?

• A) Randomly select names from every phone book published in the United States.
• B) Advertise in every newspaper in the country that you will pay $10/hour to anyone willing to be in a research project.
• C) Select names from the Internal Revenue Service of every person who filed income tax returns last year such that every income level is equally represented.
• D) Obtain names from the U.S. census bureau and randomly select participants.

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Definitions:

Average Costs

The total costs of production divided by the number of units produced, often used to assess cost efficiency.

Lease Cost

The expense associated with renting an asset, such as equipment or property, for a specified period.

Sales Volume

Sales volume refers to the total number of units of a product or service sold by a company during a specified period, often used to measure business activity level.

Total Lease Cost

The cumulative amount of money paid over the lifetime of a lease agreement, including monthly payments, fees, and other charges.