Which of the Following Statistical Sampling Techniques Involves Taking Samples

question 88

Multiple Choice

Which of the following statistical sampling techniques involves taking samples in a series of stages?

• A)Systematic sampling.
• B)Sequential sampling.
• C)Continuous sampling.
• D)Multiple location sampling.

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Definitions:

Environmental Scanning

The continuous process of gathering information about events and trends in the environment external to an organization to assist in strategic planning.

Overall GDP

Gross Domestic Product (GDP) measures the total value of all goods and services produced over a specific time period within a country's borders.

Purchasing Power Parity

An economic theory and a method used to determine the relative value of currencies, based on the purchasing power of different currencies for the same goods.

Currency Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another.