Which Method of Choosing a Sample of 10 People from a Population

question 14

Multiple Choice

Which method of choosing a sample of 10 people from a population of 100 is least likely to result in a random sample?

• A) Use a table of random numbers to identify 10 people with the lowest numbers
• B) Use telephone numbers to identify 10 people with the lowest numbers
• C) Asking for 10 volunteers
• D) Picking 10 names from a jar containing all 100 names

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Definitions:

Creative Destruction

is a concept in economics where innovation radically transforms or destroys existing industries or ways of doing business, leading to new industries and opportunities.

Widespread Costs

Expenses that impact a large sector of the population or numerous aspects of an economy, often relating to public policies or externalities.

Benefits Accrue

The accumulation of advantages or positive results over time from an action or investment.

Purely Competitive

A market structure characterized by many participants offering identical products, where no single buyer or seller can influence the market price.