A Basic Principle of Probability Sampling Is That a Sample

question 27

Multiple Choice

A basic principle of probability sampling is that a sample will be representative of the population from which it is drawn if:

• A) all members of the population have an equal chance of being selected for the sample
• B) the researcher uses a method of selection based upon convenience
• C) every "nth" person is selected for the sample
• D) all are principles of probability sampling

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.

Short-Term Note

A debt security that matures in a short period, typically less than one year.

Credit Memo

A document issued by a seller to a buyer, reducing the amount that the buyer owes under the terms of an earlier invoice.

Adjusted Cash Balance

The cash balance of a company after adjusting for outstanding checks and deposits in transit, giving a more accurate representation of available funds.