The Logic and Power of Probability Sampling Derive from Statistical

question 16

Multiple Choice

The logic and power of probability sampling derive from statistical probability theory. A random and statistically representative sample permits confident generalization from a sample to a larger population. The logic and power of purposeful sampling lies in selecting _____ in depth.

• A) information for study
• B) information rich cases for study
• C) information for non-probability samples
• D) information for purposeful sampling

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Definitions:

Capital

Wealth in the form of money or other assets owned or employed in business by an individual, firm, or country.

Wages and Income

Represents the earnings received by laborers for their work and can include salaries, wages, and other forms of compensation.

Circular-Flow Diagram

A visual model that shows how goods, services, and money move through the economy in a continuous, circular flow between households and firms.

Money

A medium of exchange used to facilitate transactions for goods and services.