The Distinguishing Feature of Cluster Samples in Comparison to Other

question 22

Multiple Choice

The distinguishing feature of cluster samples in comparison to other probability sampling plans is that cluster samples

• A) provide each population element with an equal chance of being included in the sample.
• B) provide each population element with a known chance of being included in the sample.
• C) involve the partitioning of the parent population into mutually exclusive and exhaustive subsets.
• D) involve the partitioning of the parent population into mutually exclusive and exhaustive subsets and the probabilistic selection of elements from each subset.
• E) utilize the probabilistic selection of groups rather than elements.

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Definitions:

Well-diversified Portfolio

An investment portfolio constructed to spread risk across various asset classes and investment vehicles to minimize potential losses.

Risk Aversion

The reluctance of a person or entity to take risks.

Expected Returns

The projected return on an investment, taking into account both the probability and the impact of known risks.

Risky Securities

Financial instruments that carry a high degree of investment risk due to their significant exposure to market volatility.