Suppose We Select Every Fifth Invoice in a File

question 75

Multiple Choice

Suppose we select every fifth invoice in a file. What type of sampling is this?

• A) Simple random
• B) Stratified random
• C) Cluster
• D) Systematic

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Definitions:

Truth-In-Lending Act

is a federal law designed to protect consumers in their dealings with lenders and creditors by requiring clear disclosure of key terms of the lending arrangement and all costs.

Loan Between Two Consumers

A financial agreement in which one consumer lends money to another consumer without the involvement of traditional financial institutions.

Extending Credit

The practice of allowing a buyer to purchase goods or services now and pay for them later.

Federal Food, Drug, And Cosmetic Act

A set of laws enacted in the United States to ensure the safety and efficacy of food, drugs, cosmetics, and medical devices.