In a Representative Sample

question 19

Multiple Choice

In a representative sample,

• A)every member of a population is surveyed.
• B)every member of the population has an equal probability of being selected to be surveyed.
• C)the method of selecting the sample ensures that it includes a representative from each of the key groups in the population.
• D)representatives from the major groups in the population help select the sample.

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Definitions:

Party In Breach

The individual or entity that fails to fulfill their contractual obligations, thus violating the agreement.

Sales Contract

An agreement between a buyer and seller outlining the terms and conditions of the sale of goods or services.

Risk Of Loss

The possibility that an asset or investment's value will decrease or will be irretrievably damaged or lost.

Insurance Coverage

A contractual agreement where an individual or entity receives financial protection or reimbursement against losses from an insurance company.