Which of the Following Types of Samples Should Be Used

question 52

Multiple Choice

Which of the following types of samples should be used when detailed and accurate information is not available for a sampling universe?

• A) A derivatized sample.
• B) A cluster sample.
• C) A convenience sample.
• D) A systematized sample.
• E) A probability sample.

---

Definitions:

Competitive Equilibrium

A market state where supply equals demand, with no external influences, and prices are such that the quantity supplied is equal to the quantity demanded.

Utility Function

A mathematical representation in economics of how a consumer's preferences correspond to the consumption of goods and services.

Endowed

Possessing a particular resource, asset, or attribute, either naturally or through a transfer, such as being given a sum of money or property.

Bromides

Compounds containing a bromine ion or a derivative thereof; in colloquial usage, a bromide is a commonplace or boring statement intended to placate or pacify.