Which of the Following Statements Is True of Nonprobability Samples

question 4

Multiple Choice

Which of the following statements is true of nonprobability samples?

• A) In a nonprobability sample,the probability of selection of each sampling unit is not known.
• B) Nonprobability samples are expensive.
• C) In a nonprobability sample,every element has a known statistical likelihood of being selected.
• D) Nonprobability samples cannot be used in marketing research.

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Definitions:

Expected Rate

The anticipated return on an investment, factoring in the probability of various outcomes.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data points or investment returns.

Covariance

A measure of how two variables move together, indicating the direction of their relationship.

Correlation Coefficient

A numerical indicator that determines the intensity of the association between the relative changes of two variables.