In Probability Sampling

question 9

Multiple Choice

In probability sampling,

• A) there is a high probability of being right.
• B) everyone in the population has an equal chance to be sampled.
• C) the predictions are less accurate.
• D) the entire population is surveyed.
• E) some groups have a higher chance of being sampled.

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Definitions:

Production Equipment

Tools and machinery used in the manufacturing process to produce goods and services.

Net Working Capital

A measure of a company's short-term financial health, calculated as current assets minus current liabilities.

Sales

The total revenue generated from goods or services sold by a company during a specific period, indicating the company's performance in generating business.

Project Analysis

is the process of evaluating the viability, feasibility, and profitability of a proposed project through various methods including financial analysis, risk assessment, and market research.