If One Selects a Sample by Beginning with a Random

question 3

Multiple Choice

If one selects a sample by beginning with a random start of an element and then selecting every k^th element in the frame for inclusion in the sample,which type of sampling method is being used?

• A) Simple random
• B) Systematic
• C) Cluster
• D) Stratified
• E) Double

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Definitions:

Economic Efficiency

A situation where resources are allocated in a way that maximizes the net benefit to society.

Market Demand Curve

A graphical representation that shows the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Marginal Benefit

The gain in utility or satisfaction derived from the additional consumption of a unit of a good or service.

Marginal Benefit

The enhanced benefit or happiness one achieves by using an extra unit of any good or service.