Describe the Key Differences Between Probability and Nonprobability Sampling

question 9

Essay

Describe the key differences between probability and nonprobability sampling. What defines a probability sample? For what purposes and under what conditions is it appropriate to use each of these sampling strategies? What kind of inferences are possible with each?

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Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.

Cash Dividend

A distribution of profits by a corporation to its shareholders in the form of cash.

Net Income

A company's total profit calculated by subtracting total expenses from total revenues.

Contingently Issuable Common Stock

Shares that may be issued in the future based on the occurrence of certain events.