Which of the following scenarios will yield a nonprobability sample?
A) Decide on a sample size, n; divide the frame of N individuals into groups of k individuals where k = N/n; randomly select one individual from the first group; select every kth individual thereafter.
B) Items or individuals are chosen without regard to their probability of occurrence.
C) Every individual or item from the frame has an equal chance of being selected. Selection may be with replacement or without replacement.
D) The subjects of the sample are chosen on the basis of known probability.
B
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A _____ is a situation requiring the purchase of a product for the first time
a. modified rebuy b. derived demand c. joint demand d. new buy
A wealthy industrialist wishes to establish a $2,000,000 trust fund which will provide income for his grandchild into perpetuity. He stipulates in the trust agreement that the principal may not be distributed
The grandchild may only receive the interest earned. If the interest rate earned on the trust is expected to be at least 7 percent in all future periods, how much income will the grandchild receive each year?