Simple Random Sampling Can Result in Under-Representation or Over-Representation of Certain

question 75

True/False

Simple random sampling can result in under-representation or over-representation of certain segments of the population.This is one of several reasons that simple random samples are almost never used in real applications.

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Definitions:

Direct Labor Hours

The total hours worked by employees directly involved in the production of goods or providing services.

Journal Entry

A record in accounting that notes the details of a financial transaction in a company’s financial systems.

Raw Materials

Basic materials that are used in the production process to manufacture goods, often transformed or converted into the finished product.

Journal Entry

A record in the books of account that represents a transaction and its effect on the accounts, typically including a debit and credit.