The Chief Purpose of Probability Sampling Is to Be Able

question 48

Multiple Choice

The chief purpose of probability sampling is to be able to select

• A)simple random samples.
• B)a sample whose statistics will accurately portray an unknown population parameter.
• C)a sample whose parameters will accurately portray an unknown population statistic.
• D)a sample whose statistics will accurately portray a known population parameter.
• E)a sample whose unknown statistics will accurately portray a known parameter.

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Definitions:

Marketable Securities

Refers to liquid financial instruments that can be quickly converted into cash at market value.

Long-Term Investments

Assets that a company intends to hold for more than one year, including stocks, bonds, and real estate.

Inventory Management

The process of ordering, storing, tracking, and controlling inventory to ensure that a company has the right amount of goods at the right time, minimizing costs and maximizing efficiency.

Self-Contained

Referring to a system or entity that has all necessary components within itself to function independently.