In Probability Sampling, There Is No Way to Calculate the Likelihood

question 190

True/False

In probability sampling, there is no way to calculate the likelihood that a specific element of the population being studied will be chosen.

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Definitions:

Quantity

The amount or number of a material or immaterial thing not usually estimated by spatial measurement.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the quantity of output produced.

Marginal Cost

The increase in expense from creating one more unit of a product or service.

Total Cost

The total cost of production, encompassing both variable and fixed expenses.