A Carload of Steel Rods Has Arrived at Cybermatic Construction

question 48

Multiple Choice

A carload of steel rods has arrived at Cybermatic Construction Company. The car contains 1,000 bundles of 50 rods each. Claude Ong,manager of Quality Assurance,directs the receiving crew to deliver the 63rd and 458th bundles to his crew for 100% inspection. Claude randomly selected 63 and 458 from a table of random numbers. Claude's sample of 100 rods is a _____________.

• A) cluster sample
• B) simple random sample
• C) quota sample
• D) systematic sample
• E) stratified sample

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Definitions:

Price Premium

The additional amount that a consumer is willing to pay for a product over its basic market price due to perceived higher quality, brand, or other distinguishing factors.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage change.

Coupon Program

A promotional tool used by businesses to offer discounts or special deals to customers, often to encourage purchases or trial of new products.

Laundry Detergent

A cleaning product specifically designed for washing clothes, which removes dirt and stains from fabrics.