Why Can We Never Be Sure That a Sample Represents

question 49

Multiple Choice

Why can we never be sure that a sample represents a population?

• A)Random selection never works the way it is supposed to work.
• B)Samples created by random selection are almost never perfectly representative.
• C)A random sample may poorly represent a population,or it may accurately represent a different population.
• D)If selection is conducted correctly,samples always accurately represent the populations they are supposed to represent.

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Definitions:

Lower Costs

Reducing expenses associated with business operations, production, or services, often to improve profitability.

Four-Actions Framework

A strategic tool used in blue ocean strategy to redefine market boundaries by looking at ways to eliminate, reduce, raise, and create factors the industry competes on.

Blue Ocean Strategy

A business strategy that focuses on creating new markets and demand, rather than competing in existing markets.