Systematic Sample Is

question 48

Multiple Choice

Systematic sample is?

• A) Systematic sampling is a poor example of simple random sampling.
• B) Systematic sampling is often used as a substitute for stratified sampling.
• C) Systematic sampling is frequently used rather than a simple random sample.
• D) Systematic sampling is a non-probability sampling.

---

Definitions:

Average Total Cost

The total cost of production (fixed and variable costs) divided by the number of units produced, indicating the cost per unit of output.

Specialization

A strategy where individuals or entities concentrate on a narrow range of production tasks, aimed at increasing efficiency and expertise.

Quantity Discounts

Price reductions based on the amount of a product purchased, incentivizing buyers to purchase in larger volumes.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one more unit changes as production volume changes.