A Probability Sampling Technique in Which the Sample Is Chosen

question 17

True/False

A probability sampling technique in which the sample is chosen by selecting a random starting point and then picking every ith element in succession from the sampling frame is called systematic sampling.

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Definitions:

Opportunity Cost

Giving up the chance to benefit from other opportunities by selecting a specific option.

Dalers

A currency that was used in the past in various countries and territories, including Denmark and the United States.

Comparative Advantage

The capability of a nation or business to manufacture a specific product or offer a service at a lesser opportunity cost compared to its rivals.

Opportunity Cost

The expenditure experienced from not picking the immediate runner-up selection during a choice process.