A Method of Selecting a Sample by Randomly Selecting the First

question 49

Multiple Choice

A method of selecting a sample by randomly selecting the first element and then selecting every K^th element thereafter is

• A)area sampling
• B)stratified sampling
• C)systematic sampling
• D)stratified simple random sampling

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Definitions:

Dude Ranch

A vacation destination that mimics the lifestyle of a working ranch, offering guests experiences such as horseback riding, cattle driving, and other outdoor activities.

Economic Profit

The total revenue of a business minus its explicit and implicit costs, including opportunity costs.

Raw Materials

Basic substances in their natural, modified, or semi-processed state, used as inputs for production.

Annual Rate of Return

The percentage of profit or loss on an investment over a one-year period.