Cluster Sampling Has Advantages and Is Less Expensive Than Simple

question 2

True/False

Cluster sampling has advantages and is less expensive than simple random sampling,but is slightly less accurate.

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Definitions:

NSF Check

A cheque that has been returned by the bank because it cannot be honored due to insufficient funds in the account.

Bank Statement

A summary issued by a bank detailing all transactions in an account over a specific period.

Outstanding Checks

Checks that have been issued by a company but have not yet been cashed or cleared by the bank.

Bank Statement

A monthly or quarterly document provided by a bank detailing the account holder's transactions, balances, and fees.