What Defining Feature of a Simple Random Sample Distinguishes It

question 8

Multiple Choice

What defining feature of a simple random sample distinguishes it from other probability sampling designs?

• A) It does not require a sampling frame for the selection of cases.
• B) Every case is randomly selected.
• C) Every case has a known probability of being selected.
• D) Every combination of cases has an equal chance of being selected.

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Definitions:

APS

Usually refers to Average Propensity to Save, an economic term that denotes the proportion of income that a person or population saves rather than spends on consumption.

Interest Rates

The percentage of a loan charged as interest to the borrower, typically expressed as an annual percentage rate.

Consumption

The total amount of goods and services bought and used by consumers, representing a major component of GDP and economic activity.

APC

The fraction of income that is spent on consuming goods and services is known as the Average Propensity to Consume.