What Is the Best Sampling Strategy

question 23

Multiple Choice

What is the best sampling strategy?

• A)using past experience and intuition to select cases
• B)It depends upon the type of study being conducted.
• C)using clustering or stratification as opposed to simple random sampling
• D)making sure that you have a representative sample of the population

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Definitions:

Effective Interest Rate

A measure of the real cost of borrowing that takes into account the effect of compounding interest in addition to the nominal rate.

Compensating Balance

Compensating Balance is a minimum bank account balance that a borrower must maintain as part of a loan agreement, often used by banks as a requirement for extending a loan.

Interest Rate

The percentage of principal charged by the lender for the use of its money or the return earned on deposited funds.

Effective Interest Rate

The actual return on an investment, taking into account the effect of compounding interest.