Any selection method that is valid in other contexts beyond the context for which it was developed is known as a <u>generalizable method</u>.
<h3>What is a
selection method?</h3>
It is also known as a sampling methods. The sampling methods refers to the technique of selecting an individual members of the population to make statistical inferences from them and to estimate the characteristics of the whole population. There are series of sampling methods that are widely used by researchers in market research so that they do not need to research the entire population to collect actionable insights.
In research, the types of sampling methods includes the Probability sampling which involves random selection that allows you to make strong statistical inferences about the whole group and the Non-probability sampling that involves non-random selection based on convenience or other criteria, allowing you to easily collect data.
However, the selection method that is valid in other contexts beyond the context for which it was developed is known as a generalizable method.
Therefore, the Option B is correct.
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Answer:
b). elastic; inelastic
Explanation:
Elastic demand is characterized as the demand that is subject to change due to a variation in price. For example; if the price of Air conditioners increases, their demand would decrease due to their sensitivity towards price changes(having an elastic demand). While an inelastic demand is characterized as the demand that is indifferent to change in price. The demand for such goods remains the same irrespective of alteration in price. For example; salt and other necessary items. Thus, <u>it is required to lower the prices of goods with elastic demand and increasing the prices of goods with inelastic demand in order to uplift the total revenue</u>.
Answer:
Yes it does.
Explanation: In a presidential system, the president is elected directly by the people.
