In Research a Sample Is "Random" If ______

question 11

Multiple Choice

In research a sample is "random" if ______.

• A) simple random sampling occurs
• B) every member of the population from which it is chosen has an equal likelihood of being selected
• C) there is no sampling method used
• D) the sample is representative of the population

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Definitions:

Profit

This is the financial gain obtained when the amount earned from a business activity exceeds the costs, expenses, and taxes needed to sustain the activity.

Quantity Demanded

The sum of a particular good or service that customers are ready and financially able to buy at a given price.

Productivity

The measure of the efficiency of production, often quantified as the ratio of outputs produced to inputs used in the production process.

Factor Labor

This refers to the human effort, both physical and mental, used in the production of goods and services.