Stratified random sampling is a method of selecting a sample in which _____
a. the sample is first divided into strata, and then random samples are taken from each stratum
b. various strata are selected from the sample
c. the population is first divided into strata, and then random samples are drawn from each stratum
d. None of the answers is correct.
c
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All tax practitioners are governed by the AICPA's Code of Professional Conduct.
Answer the following statement true (T) or false (F)
In a bankruptcy unsecured creditors are owed a total of $900,000. Unsecured creditor A is owed $600,000, unsecured creditor B is owed $200,000 and unsecured creditor C is owed $100,000. There is only $300,000 available to the unsecured creditors
As a result creditor C will get A) $100,000 B) $75,000 C) $50,000 D) $33,333 E) $0
Taking a decision under risk is different from taking the decision under uncertainty
Indicate whether the statement is true or false
All of the following are true about qualitative forecasting methods except they
a. generally involve the use of expert judgment to develop forecasts. b. assume the pattern of the past will continue into the future. c. are appropriate when past data on the variable being forecast are not applicable. d. are appropriate when past data on the variable being forecast are not available.