Which of the Following Is the Best Sampling Method

question 5

Multiple Choice

Which of the following is the best sampling method?

• A) simple random sampling
• B) probabilistic sampling
• C) systematic sample with random start
• D) There is no one "best" sampling method.

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Definitions:

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Prospect Theory

A behavioral economic theory that describes how people decide between alternatives that involve risk, valuing losses and gains differently.

Reference Price

A baseline price used as a comparison point for consumers when evaluating potential purchases.

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Severe and sudden events caused by environmental factors that result in significant damage and loss.