The Purpose of the Weighted Average in Stratified Sampling Is

question 49

Multiple Choice

The purpose of the weighted average in stratified sampling is:

• A) to provide an overall sample average that represents the true distribution of the population.
• B) to provide more weight to those strata whose averages are the lowest.
• C) to provide more weight to those strata whose averages are the highest.
• D) to provide an overall sample average that represents the majority of the strata.
• E) to provide more weight to those strata that are more important to society.

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the paying entity's check register but have not yet been cashed or cleared by the bank.

Deposits In Transit

Funds that have been received and recorded by a business but not yet by its bank, typically relating to bank reconciliation processes.

Purchase Order

A formal document sent from a buyer to a seller to initiate the purchase of products or services with specified terms.

Vendor

An individual or company that sells goods or services to another entity, typically within a supply chain.