A Sample in Which the Characteristics of the Sample Are

question 51

Multiple Choice

A sample in which the characteristics of the sample are the same as those of the population is a(n)

• A) variables sample.
• B) representative sample.
• C) attributes sample.
• D) random sample.

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Definitions:

Insurance

A contract by which an insurance company, the insurer, promises to pay a sum of money or give something of value to another, either the insured or the beneficiary, to compensate for a specified loss.

Concurrent Property Ownership

Ownership of property by two or more parties at the same time, where each party has an undivided interest in the whole property.

Subrogation

The legal process by which one party steps into the shoes of another party, to pursue their rights against a third party, usually in insurance claims.

Indemnity

A contractual obligation of one party to compensate the loss incurred by another party due to the acts of the indemnitor or any other party.