Concerned About the Sanitation Training Practices of Its Employees, a Major

question 30

Multiple Choice

Concerned about the sanitation training practices of its employees, a major fast-food restaurant chain randomly selected 40 of its restaurants nationwide. All employees at these 40 restaurants were tested for their knowledge of both the restaurant chain and local health code practices. This is an example of:

• A) simple random sampling.
• B) stratified sampling.
• C) cluster sampling.
• D) sampling in stages.

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Definitions:

Per Month

A recurring period or frequency, indicating that an action or event occurs or is calculated on a monthly basis.

Effective Rate

The actual interest rate an investor earns or pays on an investment or loan, taking into account the compounding of interest.

Per Month

A recurring or regular interval of payment or calculation that occurs every month.

Strip Bonds

Bonds that have had their principal and coupon payments separated, or "stripped", creating two distinct types of securities: zero-coupon bonds and interest payment coupons.