The Advantage of Nonprobabilistic Sampling Is That It Is Inexpensive

question 56

Multiple Choice

The advantage of nonprobabilistic sampling is that it is inexpensive and

• A)provides statistically valid statements about the precision of the estimate
• B)can provide valid parameter estimates
• C)is error free
• D)None of these alternatives is correct.

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Definitions:

Specially Manufactured Goods

Items that are produced to a buyer's personal specifications, which are not suitable for sale to others in the ordinary course of the seller's business.

Promissory Estoppel

A legal doctrine that prevents a party from withdrawing a promise made to another party if the latter has relied upon that promise to their detriment.

Oral Contracts

Agreements between parties that are spoken rather than written but are still legally binding.

Real Estate Mortgage

A legal agreement where real property is used as collateral for a loan.