In Practice, Simple Random Sampling Should Be Strongly Considered

question 9

Multiple Choice

In practice, simple random sampling should be strongly considered:

• A) if the population is small and can be numbered easily.
• B) in telephone surveys where random digit dialing programs cannot be used to generate numbers.
• C) when population units are stored in an electronic file allowing computer programs to run quota samples.
• D) when a complex random sample proves too difficult for the researcher.
• E) for underdeveloped countries only.

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Definitions:

NAV

Net Asset Value, the total value of a fund's assets minus its liabilities, often used to determine the price of shares in a mutual fund or ETF.

Year-End Assets

The total value of all assets held by an entity at the end of a financial year.

Liabilities

Financial obligations or debts that a company or individual owes to others, which need to be settled over time by transferring economic benefits.

Closed-End Funds

A type of investment fund with a fixed number of shares, traded on the stock exchange, unlike open-end funds which continuously issue new shares.