Which of the Following Best Represents What Should Be Done

question 62

Multiple Choice

Which of the following best represents what should be done about nonsampling error?

• A) Because it cannot be measured, greater attempts must be made to measure it.
• B) Because it cannot be measured, researchers must know the sources of nonsampling error and learn how to minimize it.
• C) Researchers must be aware that nonsampling error exists, but because it exists only in a theoretical sense, there are no known safeguards to minimize it.
• D) Nonsampling error should be measured and controlled at all stages of the research process in order to ensure a 100 percent accurate study.
• E) Nonsampling error should be measured and controlled at all stages of the research process in order to ensure a 95 percent accurate study.

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Definitions:

PHStat

An Excel add-in that enhances the statistical functions of the software, providing tools for more complex statistical analysis in business, finance, and research applications.

Correlation Among Assets

A measure indicating the degree to which two or more assets move in relation to each other.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including their fund counterparts.

Variance

A statistical measure of the dispersion of a set of data points, indicating how far each data point lies from the mean.