The Fundamental Principle of Probability Sampling Is That a Sample

question 37

Multiple Choice

The fundamental principle of probability sampling is that a sample selected by________ is very likely to be __________.

• A) EPSEM, representative
• B) stratification, large
• C) telephone polls, cheap
• D) clusters, stratified

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.

Consumer's Income

The total amount of income a consumer has available to spend on goods and services.

Utility

The satisfaction or benefit derived from consuming goods or services.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can afford given their income and the prices of the goods.