When All the Items in a Population Have an Equal

question 83

Multiple Choice

When all the items in a population have an equal chance of being selected for a sample, the process is called _________________.

• A) Simple random sampling
• B) z-score
• C) Sampling error
• D) Nonprobability sampling

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Definitions:

Profit Margin

A financial ratio that shows the percentage of revenue that exceeds the costs of goods sold, indicating the profitability of a business.

Contra Account

An account used in the general ledger to reduce the value of a related account when the two are netted together.

Normal Balance

The side (debit or credit) of an account that is expected to have a positive balance.

Subtraction

A basic mathematical operation representing the difference between numbers or quantities.