__________ Sampling Can Be Used to Estimate the Population of an Area

question 41

Short Answer

__________ sampling can be used to estimate the population of an area based on direct counts in a small part of the area.

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Definitions:

Tangible Costs

Costs associated with an identifiable physical item or service, such as raw materials, labor, and manufacturing expenses.

Climatic Conditions

The weather conditions prevailing in an area in general or over a long period, affecting living conditions, agriculture, and industry.

Location Decision

The process of selecting an optimal site for a new facility, taking into account factors like cost, logistics, and market access.

Clustering

The location of competing companies near each other, often because of a critical mass of information, talent, venture capital, or natural resources.