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zalisa [80]
3 years ago
13

An auto analyst is conducting a satisfaction survey, sampling from a list of 10,000 new car buyers. The list includes 2,500 Ford

buyers, 2,500 GM buyers, 2,500 Honda buyers, and 2,500 Toyota buyers. The analyst selects a sample of 400 car buyers, by randomly sampling 100 buyers of each brand. Is this an example of a simple random sample?
Business
1 answer:
Ghella [55]3 years ago
3 0

Answer:

No

Explanation:

Simple random sampling gives each member in the entire population an equal opportunity to be included in the sample. The technique removes bias in the selection procedure. It applies where a small number would adequately represent the entire population.

The procedure described in this case is a deviation of simple random sampling. It is stratified random sampling.

In stratified random sampling, the population is first divided into subgroups based on shared characteristics. The researcher uses simple random sampling to select representatives of each group in the sample population.  The techniques ensure each group is fairly represented in the research.  

Subdividing vehicles by their make is creating strata or subgroups.

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Southtown Realty has entered into agency agreements with Sara, a seller and Tom, a buyer. Tom wants to make an offer on Sara’s h
serious [3.7K]

Answer: Yes it's possible as long as Tom and Sara gives a written consent to the dual agency arrangement.

Explanation:

From the question, we are informed that Southtown Realty has entered into agency agreements with Sara, a seller and Tom, a buyer. Tom wants to make an offer on Sara’s home.

This is possible as long as Tom and Sara gives a written consent to the dual agency arrangement.

5 0
3 years ago
What is diminishing marginal returns?
Bumek [7]
In economics, diminishing returns is the decrease in the marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.

8 0
3 years ago
Student Emergency Financial Services, Inc., which makes small loans to college students, offers to lend $550. The borrower is re
Step2247 [10]

Answer:

Interest per week=17.4%

Explanation:

Using equation

F=P(1+i)^n

where n is the time period,P is the present value and F is the future value

Given F=550,P=42 and n=16 solving equation we will get

i=17.4%

7 0
3 years ago
Assuming a country's economy maintains an 8% rate of growth, young adults starting at age 20 would see the average standard of l
kogti [31]

The formula for exponential growth rate is:

A = Ao e^(k t)

where A is the final standard of living, Ao is the initial, k is the growth rate constant in decimal = 0.08, t is time elapsed

 

So we will find t at A/Ao = 2

A/Ao = e^(k t)

2 = e^( 0.08 t)

t = 8.66 ~ since more than therefore 9

 

So by the time they reached age 29

5 0
3 years ago
Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their no
allochka39001 [22]

Answer:

                                           Trial Balance

                                                     <u>Debit</u>               <u>Credit</u>

Land                                             53000

Accounts Receivable                  5400

Cash                                              3200

Prepaid Rent                                6700

Accounts Payable                                                 3600

Deferred revenue                                                  1950

Common Stock                                                      33000

Retained earnings                                                 21250

Service Revenue                                                   24700

Salaries expense                          7500

Supplies expense                       <u>  8700  </u>            <u>              </u>

Totals                                            84500               84500                    

Explanation:

The trial balance has been made in the answer section.

3 0
2 years ago
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