The manager of Big Brand Clothing wants to determine what items consumers are looking for this Christmas so that he can plan his orders. He decides to collect data for the purpose by stationing employees outside the store on a particular Saturday with a list of questions to ask willing shoppers to answer as they pass by. In this case, the manager is using a ________ sampling method to select respondents.
A. systematic
B. random
C. probability
D. stratified
E. nonprobability
Answer: E
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Ad-on International is an advertising company. It estimated the overhead costs for March, 2014, to be $950,000 and direct labor hours to be 5,000 hours. In March, it incurred overhead costs of $1,150,000 and 5,100 labor hours. What is the predetermined overhead rate for March, 2014?
A) $186 per direct labor hour B) $190 per direct labor hour C) $225 per direct labor hour D) $230 per direct labor hour
Emily had an excellent year as a salesperson in 2014, earning $97,000. She paid $37,000 for necessities such as mortgage, food, and clothing. Her state and federal income taxes totaled $24,000. What was her disposable income?
A. $60,000 B. $36,000 C. $73,000 D. $97,000 E. There is not enough data provided to calculate her discretionary income.
Salvage value is:
A. A factor relevant to determining depreciation that cannot be revised during an asset's useful life. B. A factor relevant to determining depreciation under MACRS. C. Not a factor relevant to determining depletion. D. A factor relevant to amortizing an intangible asset with an indefinite life. E. An estimate of the asset's value at the end of its benefit period.
Explain whether the historical evidence supports the use of a normal model or a lognormal model
What will be an ideal response?