The Distinguishing Feature of Probability Samples Is That

question 4

Multiple Choice

The distinguishing feature of probability samples is that

• A) they involve personal judgment somewhere in the selection of sample elements.
• B) each population element has an equal chance of being included in the sample.
• C) each population element has an equal chance of being included in the sample and every combination of n population elements is a sample possibility.
• D) each population element has a known chance of being included in the sample.
• E) they will always be more representative of the population than nonprobability samples.

---

Definitions:

Economies of Scale

The cost advantage achieved when production becomes efficient, as fixed costs are spread over more units of output.

Advertising Dollars

The amount of funding allocated to promotional activities in order to increase product or service visibility.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing as scale is increased.

Value Chains

The full range of activities that businesses go through to bring a product or service from conception to delivery to the end user.