When Every Member of a Population Has an Equal Chance

question 161

Multiple Choice

When every member of a population has an equal chance of being included in a sample,what sampling process is being used?

• A)reliability sampling
• B)random assignment
• C)random sampling
• D)convenience sampling

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Definitions:

Human Capital

The sum of abilities, expertise, and non-material assets possessed by people that can generate economic benefits for themselves, their employers, or their local area.

Physical Capital

Tangible assets used in the production of goods and services, such as buildings, machinery, and equipment.

Economic Profit

The profit a company makes after subtracting both its explicit and implicit costs from total revenues.

Labor Services

The physical and intellectual efforts provided by workers in exchange for wages.