Probability Samples Are Advantageous to the Researcher Because

question 13

Multiple Choice

Probability samples are advantageous to the researcher because

• A)the method by which they are selected limits conscious and unconscious sampling bias, and the accuracy or representativeness of the sample can be estimated.
• B)there is no sampling error whatsoever.
• C)they always are perfectly and precisely representative of the population from which they are drawn.
• D)all of these.

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Definitions:

Average Cost Method

An inventory valuation method that calculates the cost of goods sold and ending inventory based on the average cost of all similar items in inventory.

Direct Materials

Direct inputs in product manufacturing that can be easily identified and represent a considerable part of the production expenses.

Process Costing

A costing method typically used in industries where production is continuous, and costs are assigned to units of output through an averaging process.

Computer Chips

Small electronic components made from semiconducting material used in electronic devices to perform computing and processing tasks.