How Is a Random Sample Secured

question 37

Multiple Choice

How is a random sample secured?

• A) Inviting people you know who you think might be interested in participating
• B) Advertising in places that you think that people frequent who would be interested
• C) Asking one person you know who would be interested if they can recommend other people to serve as research participants
• D) Identifying all the members of the population sample and then choosing a percentage of them to participate using a die, coin, or random number generator

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Definitions:

Credit Sales

Transactions where the customer purchases goods or services on the agreement to pay at a later date, often generating accounts receivable.

Cash Collection

Cash collection refers to the process of gathering all monetary settlements for goods sold or services rendered to customers.

Groundworks Company

A firm specializing in preparatory construction work such as excavation, site clearance, and foundation laying.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, often used to assess whether a company will have sufficient cash to meet its obligations.