A Common Form of Cluster Sampling Is Area Sampling,in Which

question 86

True/False

A common form of cluster sampling is area sampling,in which the clusters consist of geographic areas such as counties,housing tracts,or blocks.

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Definitions:

Correlation Coefficients

A statistical measure that describes the extent to which two variables change together.

Systematic Risk

Systematic risk refers to the risk inherent to the entire market or market segment, often influenced by factors like economic, political, and social changes.

Beta

A measure of the volatility or systematic risk of a security or a portfolio compared to the market as a whole.

Unsystematic Risk

The risk associated with a specific company or industry, which can be mitigated through diversification.