Which statement is not true about judgmental sampling?
A) It does not allow direct generalizations to a specific population.
B) It may be useful if broad population inferences are not required.
C) Each population element has a known and equal probability of selection.
D) An extension of the technique involves the use of quotas.
C
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Kirk Bennett, a cash-basis taxpayer, is a self-employed accountant. During 2016, he established a qualified defined contribution retirement plan of which he will be the only beneficiary. In examining his records for 2016, the following information is available: Earned income from self-employment- $53,000 Interest income- 6,000 Dividend income- 4,000 Net long-term capital gains- 10,000 Adjusted gross income- $73,000 What is the maximum amount that Kirk can deduct as a contribution to his qualified retirement plan for 2016?
a) $9,789 b) $53,000 c) $10,000 d) $48,945
Decision trees can be used to solve for steady state probabilities
Indicate whether this statement is true or false.