Stratified Sampling Is Applicable to Difference, Mean-Per-Unit, and Ratio Estimation

question 126

Multiple Choice

Stratified sampling is applicable to difference, mean-per-unit, and ratio estimation, but it is most commonly used with

• A) ratio estimation.
• B) discovery sampling.
• C) difference estimation.
• D) mean-per-unit estimation.

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Definitions:

Annual Inflation Rate

The percentage increase in the price of goods and services over a one-year period, reflecting the decreasing purchasing power of a currency.

Purchasing Power

The measure of what one unit of currency can buy in terms of goods or services.

Compounded Monthly

The practice of calculating interest on the principal and the accumulated interest each month.

Compounded Semiannually

Interest that is calculated and added to the principal balance twice a year.