A Statistics Instructor Wishes to Know the Average Age (In

question 28

Multiple Choice

A Statistics instructor wishes to know the average age (in month) of his 200 students.He is too lazy to sample all 200 students so he decides to collect the ages for the first 20 students to yell out their ages.This sampling method is called a

• A)Cluster Sample.
• B)Simple Random Sample.
• C)Voluntary Sample.
• D)Stratified Random Sample.
• E)Systematic Random Sample.

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Definitions:

Market Signal

Information or indicators that guide economic agents in making decisions about buying, selling, entering, or exiting markets based on current or future trends and conditions.

Productive Individuals

Individuals who contribute positively to economic, cultural, or social processes through their work or creativity.

Work Place

A location where people are employed and engage in various activities to earn a living.

Lemons

In economic terms, refers to the problem of asymmetric information regarding the quality of products, especially used goods that are subpar or defective.