A Random Sample Is a Carefully Developed Probability Sample Set

question 95

True/False

A random sample is a carefully developed probability sample set up to ensure that every member of the population has an equal chance of being selected as part of the sample.

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Definitions:

Outstanding Cheques

Checks that have been written and recorded in the issuing company's ledger but have not yet been cashed or cleared by the bank.

Balance Per Bank

It represents the amount of money in a company’s bank account, according to the bank's records.

Prenumbered Cheques

Checks that are printed in advance with sequential numbers to help maintain an audit trail and manage financial transactions securely.