THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 76

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A corporation has 30 outlets in the North,40 in the South,60 in the Midwest,and 45 in the West.Using a proportional allocation of a random sample of 20% of the outlets,the manager records the following means and standard deviations.

-Briefly describe what is meant by "two-phase sampling," and discuss its advantages and disadvantages.

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Definitions:

Cash

Cash represents money in the physical form of currency, such as banknotes and coins, that is used to conduct transactions.

Financing Activity

Transactions between a business and its financiers, such as issuing debt or equity.

Cash Inflow

Any increase in cash is called a cash inflow or a source of cash. When listing the total for a major section of the statement of cash flows, if cash is increased, the figure is often described as “cash provided” by operating activities (or by investing activities or financing activities).

Paying Interest

The act of compensating lenders for the use of their funds, typically expressed as a percentage of the principal amount borrowed.