Stratifying a Population Prior to Drawing a Sample

question 13

Multiple Choice

Stratifying a population prior to drawing a sample:

• A)decreases the probable sampling error.
• B)eliminates the need for simple random sampling.
• C)is most useful for studying a homogeneous population.
• D)eliminates the need for probability sampling.
• E)is an alternative to systematic sampling.

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Definitions:

Straight-Line Depreciation

A technique for spreading the expense of a physical asset evenly across its lifespan.

Depreciation Expense

An accounting method used to allocate the cost of a tangible asset over its useful life.

Journal Entry

A journal entry in accounting is a record of a financial transaction, entering it into the accounting records of a business.

Book Value

The net value of an asset or liability according to its balance sheet account balance, calculated as original cost minus depreciation, amortization, or impairment costs.