You Know That Consumers with High Incomes Show a Much

question 114

Multiple Choice

You know that consumers with high incomes show a much greater variability in their consumption of a given good than those with low incomes.What type of sample would produce the most efficient estimate of the average consumption per individual?

• A)Simple random sample
• B)Disproportionate stratified sample
• C)Proportionate stratified sample
• D)Quota sample
• E)Systematic sample

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Definitions:

Liability

Any type of financial debt or obligation that a company or individual owes, which must be settled in the future through the transfer of assets, provision of services, or other forms of payment.

Asset

Resources owned by a business or individual that have economic value and can be used to meet debts, commitments, or legacies.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing ownership interest in the company.

Dividends

Dividends are a portion of a company's earnings distributed to its shareholders as a reward for their investment in the company.