Which of the Following Statements Is Not Correct Regarding Probabilistic

question 47

Multiple Choice

Which of the following statements is not correct regarding probabilistic and nonprobabilistic sample selection?

• A) In probabilistic selection, every population item has a known chance of being selected.
• B) It is acceptable to evaluate a nonprobabilistic sample using statistical methods.
• C) Probabilistic selection is required for all statistical sampling methods.
• D) Both probabilistic and nonprobabilistic methods are acceptable and commonly used.

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Definitions:

Invisible Hand

A term coined by economist Adam Smith to describe the self-regulating nature of the marketplace where individuals' pursuit of self-interest leads to societal benefits.

Capital Owners

Individuals or entities that own assets with economic value expected to benefit future operations, such as machinery, buildings, or equipment.

Government Failure

A situation where government interventions in the economy cause more harm than good, often due to inefficiencies, misallocation of resources, or unintended consequences.

Water Pollution

Contamination of water bodies such as rivers, lakes, oceans, and groundwater due to harmful substances, leading to detrimental effects on aquatic life and human health.