Systematic Random Sampling Is a Variant of Simple Random Sampling

question 61

True/False

Systematic random sampling is a variant of simple random sampling but it is more time consuming.

---

Definitions:

Opportunity Cost

The cost of missing out on potential benefits from other alternatives when making a choice.

Forgone Current Income

The income an individual or entity could have earned but chose to forego for pursuing an alternative.

State Universities

Public institutions of higher education that are primarily funded by a state or local government.

Opportunity Cost

The result of losing potential upsides from other choices by committing to one.