Methods for Obtaining a Sample Are Called

question 18

Multiple Choice

Methods for obtaining a sample are called

• A) sample surveys.
• B) probability sampling.
• C) random sampling.
• D) sampling designs.

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Definitions:

Expensive

Describing something that requires a high cost or large amount of money to purchase or obtain.

Revealed Preference Theory

An economic theory proposing that individuals' preferences can be deduced from their purchasing habits and choices, rather than through their words or responses to surveys.

Debit Card

A payment card that deducts money directly from a consumer’s checking account to pay for a purchase.

Marginal Utility

The additional satisfaction or benefit gained from consuming one more unit of a good or service.