Which of the Following Statements Regarding Statistical Sampling Is Correct

question 8

Multiple Choice

Which of the following statements regarding statistical sampling is correct?

• A) It is easier to use than non-statistical sampling.
• B) It involves haphazard selection.
• C) It is generally used for low risk accounts.
• D) It involves random selection.

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Definitions:

Voice-Activated Software

A type of software that allows the user to give commands and control the device through voice instructions.

Marginal Costs

The additional cost incurred from the production of one more unit of a product or service.

Potential Customers

Potential customers are individuals or entities that have not yet purchased but have shown interest or fit the profile of a company's target market.

Expected Profit

The projected financial gain a company anticipates earning from its operations or investments, based on various assumptions and calculations.