Briefly describe sampling and nonsampling errors
What will be an ideal response?
A sampling error is a source of error which results from the fact that information is available on only a subset of all the population members.
Nonsampling errors are errors unconnected with the kind of sampling procedures used, in other words, such errors could happen whether you use the total population or just a sample of it. Examples of nonsampling errors are: the population sampled is not the relevant one; survey subjects may give inaccurate or dishonest answers; or, there may be no response to survey questions.
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If you purchase 100 shares of Ajax Corporation for $15.00 a share and one year later sell it for $20.00 a share, what was your return if the stock paid $2.00 per share dividends? (Ignore commissions and trading fees. Round to the nearest whole percent..
A. 33% B. 10% C. 47% D. 40%
Promises to pay and orders to pay must be unconditional in order to be negotiable
Indicate whether the statement is true or false