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Business Analytics Data Study Set 1
Exam 7: Sampling and Sampling Distributions
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Question 61
True/False
When the sample size is greater than 5% of the population,the formula for the standard error of the mean should be modified with a finite population correction.
Question 62
Multiple Choice
Which of the following statements are correct?
Question 63
Multiple Choice
The two basic sources for error when using random sampling are _____ error.
Question 64
True/False
Voluntary response bias occurs when the responses to questions do not reflect what the investigator had in mind.
Question 65
Multiple Choice
When a portion of the sample does not respond to the survey,____ has occurred.
Question 66
True/False
Cluster sampling is often less convenient and more costly than other random sampling methods.
Question 67
Multiple Choice
Which of the following is not a consideration when determining appropriate sample size?
Question 68
Multiple Choice
The opportunity for sampling error is decreased by
Question 69
Multiple Choice
The accuracy of the point estimate is measured by its
Question 70
True/False
An unbiased estimate is a point estimate such that the mean of its sampling distribution is equal to the true value of the population parameter being estimated.
Question 71
Multiple Choice
The sampling method in which a population is divided into blocks and then selected by choosing a random mechanism is called a _____ sampling.
Question 72
Multiple Choice
The key to using stratified sampling is
Question 73
True/False
In systematic sampling,one of the first k members is selected randomly,and then every k
th
member after this one is selected.The value k is called the sampling interval and equals the ratio N / n,where N is the population size and n is the desired sample size.
Question 74
True/False
The standard error of an estimate is the standard deviation of the sampling distribution of the estimate.It measures how much estimates from different samples vary.
Question 75
True/False
Simple random sampling can result in under-representation or over-representation of certain segments of the population.This is one of several reasons that simple random samples are almost never used in real applications.