Which of the Following Situations Is Most Likely to Produce

question 100

Multiple Choice

Which of the following situations is most likely to produce a random sample?

• A)a selection procedure that reduces the chances of selecting improbable events
• B)balancing the sample with both improbable and probable elements of the population
• C)a selection procedure devised so that each element in the population is equally likely to be selected
• D)all of these

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Definitions:

Fair Value

The estimated market price of an asset or liability, reflecting the amount for which it could be exchanged in a current transaction between willing parties.

Par Value

A nominal or face value assigned to a share of stock by the issuing company, which has legal and accounting implications but often little relation to the market value.

Consolidated Receivables

Consolidated receivables refer to the total amount owed to a company by its customers, after combining the amounts across different divisions or subsidiaries.

Inventory

Inventory refers to the goods and materials that a business holds for the purpose of resale or production, classified as current assets on the balance sheet.