In a ________ Sample,each Individual and Each Pair of Individuals

question 29

Multiple Choice

In a ________ sample,each individual and each pair of individuals has the same likelihood of being selected into the sample;in a ________ sample,each individual has the same likelihood of being selected into the sample,but not all pairs are equally likely.

• A)convenience;cluster
• B)convenience;simple random
• C)simple random;systematic
• D)systematic;convenience

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Definitions:

High-margin Items

Products or services that generate a significantly higher percentage of profit compared to their cost of production or acquisition.

Low-margin Items

Products or services that generate a minimal profit margin, often sold to attract customers or achieve volume sales.

Contribution Margin Ratio

A financial metric indicating the portion of sales revenue that is not consumed by variable costs and therefore contributes to covering fixed costs.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit.