In Cluster Sampling, the Population Is Divided into Subsets Called

question 58

True/False

In cluster sampling, the population is divided into subsets called clusters (such as cities or city blocks), and then a random sample of the clusters is selected. Once the clusters are selected, we typically sample all of the members in each selected cluster.

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Definitions:

Financial Statements

Papers that offer a summary of a firm's financial status, encompassing the balance sheet, income statement, and cash flow statement.

Owner's Equity Statement

A financial statement showing the changes in the equity of the company’s owners over a reporting period.

Net Income

The overall income a company retains following the deduction of all costs, such as taxes and operational expenses, from its gross revenue.

Assets

Resources owned by a company from which future economic benefits are expected to flow to the entity.