Financial Analyst Larry Potts Needs a Sample of 100 Securities

question 54

Multiple Choice

Financial analyst Larry Potts needs a sample of 100 securities listed on the New York Stock Exchange. In the current issue of the Wall Street Journal,2,531 securities are listed in the "New York Exchange Composite Transactions," an alphabetical listing of all securities traded on the previous business day. Larry uses a table of random numbers to select 100 numbers between 1 and 2,531. His sample is a ____________.

• A) quota sample
• B) simple random sample
• C) systematic sample
• D) stratified sample
• E) cluster sample

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Definitions:

Risk Taking

The action of engaging in activities that involve risk or uncertainty, with the potential for both positive and negative outcomes.

Innovation

The process of introducing new ideas, devices, or methods to improve goods, services, or processes.

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A specific occurrence that initiates a chain of events or causes a particular effect or reaction.

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