A Simple Random Sample Is One Where Each Member of the Population

question 7

True/False

A simple random sample is one where each member of the population has a known chance (this may differ from one member to another)or probability of being chosen.

---

Definitions:

Capacity Planning

The process of determining the production capacity needed by an organization to meet changing demands for its products.

Capacity Increment

The addition or increase in a system's or facility's ability to produce goods or services.

Fixed Costs

Expenses that do not change with the level of output or sales, such as rent, salaries, and insurance premiums.

Drum

In production and project management, often refers to the constraint or bottleneck resource that dictates the pace at which a process can run.