Probability Sampling Techniques Enable Us to Make Relatively Few Observations

question 19

Multiple Choice

Probability sampling techniques enable us to make relatively few observations and then generalize from those observations to a much wider population. For example, if a researcher is interested in what proportion of high school students have used marijuana, collecting data from a _____ of a few thousand students will serve just as well as trying to study every high school student in the country.

• A) nonprobability sample
• B) convenience sample
• C) probability sample
• D) observed sample

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Definitions:

Full Cost Method

An accounting method used in the oil and gas industry where all exploration, development, and production costs are capitalized and amortized over the life of reserves.

Impaired Indicators

Warning signs or evidence that an asset's value has decreased significantly, necessitating a review for potential impairment.

Substantial E&E Expenditure

Refers to significant expenses related to Exploration & Evaluation activities in industries such as mining and oil exploration.

Exploration Rights

Permissions or licenses granted to a company or individual to search for minerals, oil, or gas in a specified area.