All of the Following Statements Are Limitations of Simple Random

question 79

Multiple Choice

All of the following statements are limitations of simple random sampling except ________.

• A) it is often difficult to construct a sampling frame that will permit a simple random sample to be drawn
• B) simple random sampling may or may not result in a representative sample
• C) the sample results may be projected to the target population
• D) simple random sampling often results in lower precision with larger standard errors than other probability sampling techniques

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Definitions:

Standard Credit Company

A hypothetical or generic name for a company that provides credit services, evaluating creditworthiness and offering loans or credit to individuals and businesses.

Equal Credit Opportunity Act

A U.S. law aimed at granting all individuals a fair opportunity to obtain credit, prohibiting discrimination based on race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance.

Consumer Finance Corporation

A financial institution that provides loans to consumers for purchasing consumer goods and services.

Suitability

The appropriateness of a specific investment or financial decision to an individual's unique situation.