The correct answer is 4) The industry sponsor typically owns the data from research that it funds.
The statement that is true regarding academic-industry collaborations is "The industry sponsor typically owns the data from research that it funds."
This is true because when companies or industries decided to support the academy, they invest their own resources to develop research in colleges and universities. Many times, the company is in the business of medicine or technology and gives money to college research projects because that way, the results of the investigation can be applied to the industry and can be sold in the market by the company and make a profit that justifies the original investment.
Random assignment is a technique for placing subject into the different groups so that the characterstics of the sample can be equally distributed while Random Selection is how we select individuals from the population to participate in study.