Professor Hardtack Chose a Sample of 7 Students from His

question 68

Multiple Choice

Professor Hardtack chose a sample of 7 students from his statistics class of 35 students by picking every student who was wearing red that day. Which kind of sample is this?

• A)Simple random sample
• B)Judgment sample
• C)Systematic sample
• D)Convenience sample

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Definitions:

Buying Power

The amount of goods or services that one's money can purchase, often influenced by inflation.

Rate of Return

Gains or losses incurred on an investment over a specifically defined period, formulated as a percentage of the investment’s kickoff cost.

Floating-rate Bonds

Bonds that have a variable interest rate, which adjusts periodically according to a benchmark interest rate or index.

Coupon Rate

The interest rate stated on a bond or other fixed-income security, representing the annual interest paid by the issuer to the bondholder.