What Type of Sample Selects N Units Out of N

question 45

Multiple Choice

What type of sample selects n units out of N such that each _NC_n has an equal probability of being samples,simply by using a table of random numbers,a computer random-number generator,or a mechanical device to select the sample?​

• A)simple random
• B)stratified random
• C)systematic random
• D)cluster random

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Definitions:

Competitive Market

A market structure characterized by a large number of sellers and buyers where no single entity has the power to influence market prices significantly.

Profits

The financial benefit that is realized when revenue generated from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Profit-maximizing

A strategy where a firm sets its production level and pricing to achieve the highest possible profit.

Resource Combination

The process of organizing and combining different resources like capital, labor, and raw materials, to produce goods or services.