Nonresponse Bias Occurs When

question 8

Multiple Choice

Nonresponse bias occurs when

• A)the population from which the sample is taken is too small
• B)response rate is lower than anticipated
• C)those returning a survey differ in some important way from the initial sample
• D)those responding to a survey fail to answer a significant number of questions on the survey

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Definitions:

Interest

The expense associated with taking out a loan or the earnings from an investment, usually quantified as a percent of the initial amount.

Annual Percentage Rate

The annual rate charged for borrowing or earned through an investment, which represents the actual yearly cost over the term of a loan.

Periodic Compounding

Periodic compounding involves the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a deposit or loan.

Mortgage Loan

A loan secured by real estate. Commonly referred to simply as a mortgage.