Why Do Those Who Engage in Estimation Insist on Random

question 13

Multiple Choice

Why do those who engage in estimation insist on random sampling, rather than convenience sampling or judgment sampling?

• A) because random sampling avoids the errors inherent in matched pairs sampling
• B) because random sampling avoids the errors inherent in work sampling
• C) because random sampling eliminates the systematic error or bias that arises in non-random sampling

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Definitions:

Material Breach

A significant failure to perform a part of a contract that permits the other party to either demand performance or terminate the agreement.

Buyer's Obligations

The duties and responsibilities a buyer assumes in a transaction, such as paying the purchase price and complying with the terms of the agreement.

Contract

An agreement between two or more parties creating enforceable obligations.

Substituted Contracts

New agreements that replace and fulfill the obligations of a prior contract, agreed upon by all parties involved.