The Essential Difference Between a Confidence Interval Constructed Employing a Stratified

question 86

Multiple Choice

The essential difference between a confidence interval constructed employing a stratified sample and that constructed employing a simple random sample is that with the stratified sample

• A)a point estimate of the population mean is not required.
• B)determination of the estimate of the mean and standard error of estimate involves the use of weights.
• C)the strata results are appropriately weighted by a method of curvilinear estimation.
• D)inferences are drawn on the basis of the known population mean and variance.
• E)the researcher does not need to specify the degree of confidence.

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Definitions:

Budgeted Income Statement

A financial report projecting revenue, expenses, and net income for a future period, based on management's expectations.

Budgeted Balance Sheet

A financial statement that projects the financial position of a company at a future date, showing expected assets, liabilities, and equity based on planned operations and initiatives.

Continuous Budget

A rolling budget for a 12-month period where the budget moves forward one month (or another period) as the current month (or period) is completed.

Perpetual Budget

A continuously updated budget that adjusts and rolls over to subsequent periods as the financial year progresses.