All of the following are true about a sample, EXCEPT
a. it is best suited when the target population is large
b. researchers use a representative sample of the population if they wish to generalize the findings
c. serves as the blueprint for defining the appropriate target population
d. sample size affects the accuracy and generalizability of research results
e. nonprobability sampling plans measure sampling error
Answer: e. nonprobability sampling plans measure sampling error
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Which of the following would be the best source for information about the size and number of companies operating in a particular industry in the United States?
A) PRIZM B) AIO C) VALS™ D) NAICS E) ISP
If the probabilities of each economic condition are 0.5, 0.1, 0.35, and 0.05, respectively, what investment would be made using the expected value criterion?
What will be an ideal response?