The Size of a Sample Is

question 48

Multiple Choice

The size of a sample is:

• A) irrelevant when random sampling is used.
• B) determined by the type of data to be collected.
• C) limited by the method used to collect data.
• D) key to the accuracy of the evaluation results.

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Definitions:

Optimal Amount

The most efficient, beneficial, or effective quantity of a resource, investment, or input to achieve a specific objective.

5 C's of Credit

The 5 C's of Credit refer to the five key factors that lenders consider when evaluating a borrower's creditworthiness: character, capacity, capital, collateral, and conditions.

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.

Credit Obligations

The responsibilities to repay debt incurred through borrowing or credit agreements.