If Every Possible Outcome Is Equally Likely During Sample Selection

question 44

Multiple Choice

If every possible outcome is equally likely during sample selection, then the sample is said to be _____.

• A) random
• B) stratified
• C) nonprobabilistic
• D) biased

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Definitions:

Financial Risk

Uncertainty about monetary outcomes.

Monetary Outcomes

The financial results or consequences of an action, decision, or policy.

Uncertainty

The state of being unsure about the future or the outcomes of specific actions or events.

Expected Pay

The anticipated financial return or compensation a person expects to receive from a job, investment, or other economic activity.