Which of the Following Is Not a Procedure for Simple

question 1

Multiple Choice

Which of the following is not a procedure for simple random selection of elements?

• A) Assigning consecutive numbers to elements, and selecting on the basis of a random number table
• B) Selecting every nth element from a sampling frame, after the starting point has been randomly selected
• C) Using a computer to dial random digits after a phone prefix
• D) Writing all elements down on small pieces of paper, mixing them up, and selecting them like they do in the lottery
• E) Programming a computer to select a random sample

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Definitions:

Lemons Problem

A phenomenon where the presence of information asymmetry in a market leads to low-quality products being sold, as sellers have more information about the product than buyers.

Moral-Hazard

A situation where one party engages in risky behavior knowing that it is protected against the risk because another party will bear the cost.

Above-Equilibrium Wages

Wages that are higher than the market equilibrium, often used by employers to reduce turnover or increase productivity.

Firms

Businesses or enterprises engaged in commercial, industrial, or professional activities, aiming to earn profits by providing goods or services.