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Distinguish Between Nonprobability Sampling and Probability Sampling

question 12

Essay

Distinguish between nonprobability sampling and probability sampling.Name a type of nonprobability sample and two types of probability samples.


Definitions:

Net Income

The profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.

Ratio

A quantitative relationship between two numbers, often used in financial analysis to assess the performance, liquidity, or solvency of a business.

Capital Account

In macroeconomics and international finance, a component of the balance of payments that records all transactions involving the purchase or sale of assets.

Ownership Interest

A stake or share in a company or asset, representing the rights and financial involvement of the owner.

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