An Advantage of Convenience Samples Is That

question 52

Multiple Choice

An advantage of convenience samples is that:

• A)the required sample size is easier to calculate.
• B)sampling error can be reduced.
• C)computation of statistics is easier.
• D)they are often quicker and cheaper.

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Definitions:

Compounded Semi-annually

This refers to the process of calculating interest on a principal amount at two intervals in a year, effectively increasing the amount of interest earned or paid.

Consolidated Amount

The consolidated amount represents the total figure that combines multiple accounts, funds, or financial statements, providing an overall picture.

Time Value

The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

Money

A medium of exchange that facilitates the transfer of goods and services, traditionally in the form of coins and banknotes, but also digitally.