The Major Advantage of a Simple Random Sample Is That

question 50

Multiple Choice

The major advantage of a simple random sample is that it ensures that ____.

• A) there will be enough participants in each subset to be able to make statistical decisions
• B) no single group is over-represented in the sample
• C) the sample will provide an accurate representation of the population
• D) the selection procedure is unbiased although its outcome may be biased

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Definitions:

Chattel Paper

A document or electronic record that evidences both a monetary obligation and a security interest in specific goods.

Right to Payment

A legal entitlement to receive money as a result of a contract or legal agreement.

Liquidation

The process of converting company assets into cash to pay off debts, often preceding the dissolution of the company.

Trustee

A person or firm that holds and administers property or assets for the benefit of a third party.