To Determine the Proportion of Students at a University Who

question 29

Multiple Choice

To determine the proportion of students at a university who favor the construction of a parking garage, a student senate member surveys students as they leave the student union. This type of sample is a:

• A) convenience sample.
• B) simple random sample.
• C) multistage random sample.
• D) voluntary response sample.

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Definitions:

Cash Outlay

The total amount of money spent on a particular purchase or investment.

Alternative Investments

Investments in asset classes other than stocks, bonds, and cash, such as real estate, hedge funds, or commodities.

Differential Cost

The variance in price between two different choices or alterations in production volumes.

Manufacturing Operations

The processes and activities involved in the production of goods, typically in a factory setting, involving the conversion of raw materials into finished products.