Which of the Following Statements Is a Correct Statement About

question 10

Multiple Choice

Which of the following statements is a correct statement about haphazard sampling?

• A)the sample is selected without any conscious bias.
• B)haphazard sampling can be used for either statistical or non-statistical sampling.
• C)haphazard sampling may be used when items in the population are not prenumbered documents.
• D)haphazard sampling must be used when items in the population are not prenumbered documents.
• E)haphazard sampling can only be used for statistical sampling.
• F)both A and C
• G)both A and D
• H)both B and E

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Definitions:

Positive Externalities

Benefits that occur to third parties as a result of an economic activity, which are not accounted for in the market price.

Perfect Knowledge

A theoretical scenario where all consumers and producers have complete and accurate information about prices and products in the market.

Inelastic Demand

When the quantity demanded of a good or service changes very little with a change in price, showing low sensitivity.

Demand

The desire for a particular good or service backed by the ability and willingness to pay for it.