If a _____ Sampling Design Is Chosen,the Process for Choosing

question 48

Multiple Choice

If a _____ sampling design is chosen,the process for choosing the sample must give every person within the target population a known nonzero chance of selection.

• A) census
• B) judgment
• C) nonprobability
• D) probability
• E) primary

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Definitions:

Maximum Profit

The highest possible financial gain a firm can achieve when the difference between total revenue and total cost is at its greatest.

Economic Profit

The split between a firm's entire proceeds and its total disbursements, embracing both acknowledged and veiled costs.

Normal Profit

The minimum profit necessary for a company to remain competitive in the market, equating to the opportunity cost of the resources employed.