A Random Sample Is One in Which

question 33

Multiple Choice

A random sample is one in which

• A) participants are selected around important variables that divide a population into subgroups.
• B) participants are chosen in such a way that each individual has an equal probability of being selected.
• C) either males or females, but not both, are included.
• D) only volunteers are used.

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Definitions:

Property, Plant, and Equipment

Long-term assets used in the operations of a business, not intended for sale.

Insurance

A financial product that provides protection against financial losses from specific risks, such as accidents, theft, or natural disasters.

Depreciation

A method to allocate the cost of a tangible asset over its useful life.

Utilities

Services such as electricity, gas, water, and sewer that are used by businesses and households, often considered basic necessities.