Is it possible for a sample to yield better results than a census, from a practical standpoint? Explain


Yes. In any case where the population is large in size, a census will likely contain significantly more nonsampling errors than a carefully conducted sample survey.

Business

You might also like to view...

The coupon rate is the same as the

a. market rate; b. stated rate; c. discount rate; d. serial rate; e. settlement rate.

Business

A measure of central tendency, given as the value above which half of the values fall and below which half of the values fall is called the median

Indicate whether the statement is true or false

Business

The phase of new-product development in which a small sample of potential buyers are presented with a product idea through a written or oral description in order to determine their attitudes and initial buying intentions regarding the product is called

A. concept testing. B. customer response testing. C. idea analysis. D. test marketing. E. screening.

Business

Shares of stock are issued to members of a limited liability company. 

Answer the following statement true (T) or false (F)

Business