Simple Random Sampling Is Feasible Only If the Population from Which

question 2

Multiple Choice

Simple random sampling is feasible only if the population from which you are selecting a sample is ______.

• A) large
• B) small
• C) diverse
• D) similar

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Definitions:

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.

Maximize Utility

The process or goal of obtaining the highest level of satisfaction or benefit from consuming goods and services, given a consumer's limitations, such as income or resources.

Income

The financial gain received by an individual or entity, typically measured over a period of time, deriving from labor, investment, or business ventures.

Marginal Utility

The additional satisfaction or benefit received by consuming one more unit of a good or service.