A Sample Is Random If _________

question 54

Multiple Choice

A sample is random if _________.

• A) each possible sample of a given size has an equal chance of being selected
• B) all members of the population have an equal chance of being selected into the sample
• C) all members of the sample have an equal chance of being selected
• D) a, or a and b
• E) a and c

---

Definitions:

Objective and Task

A method of setting marketing budgets based on defining specific objectives and then estimating the costs of the tasks necessary to achieve these objectives.

Linear Forecast

A mathematical technique used to predict future data points by analyzing the linear relationship between variables.

All-You-Can-Afford

A pricing strategy that bases the price on the customer's ability to pay, rather than fixed pricing.

Promotion-to-Sales Ratio

A metric that compares the cost of marketing and promotion activities to the revenue generated from sales.