1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yakvenalex [24]
3 years ago
11

Suppose that you are conducting market research at a regional mall in your city. The survey you are administering contains some

relatively personal questions that some consumers might be reluctant to answer. As a result, you decide to select passers-by whom you believe are most likely to agree to answer your questions. Such an approach helps to ensure that all surveys will be completed and that questions will be answered in an unbiased manner. Nonetheless, it may come with a cost. Of the following statements, which is not a potential problem associated with this approach?
a. It might unexpectedly impact the "representativeness" of the sample.
b. All the answer options are potential problems.
c. It is likely to decrease the response rate.
d. It violates the underlying principles inherent in "probability sampling" techniques.
e. It could negatively influence the validity of the research study.
Business
1 answer:
topjm [15]3 years ago
8 0

Answer: b. All the answer options are potential problems.

Explanation:

In other to get a truly unbiased result from surveys, the sample chosen should be completely random. This method is not random as the people being chosen are selected which means that the basic underlying principle of probability sampling of randomness is violated.

The representativeness of the sample might also be affected if only a certain type of people look like they will answer which means that only they will be represented in the sample. These problems have a strong chance of influencing the research in a negative way as the research may be biased.

And of course the response rate will likely be lower as only a certain type of people are being looked for and they might not number much.

You might be interested in
A wheat farmer should __________ in order to reduce his exposure to risk associated with fluctuations in wheat prices. Group of
Serhud [2]

Answer: increase

Explanation:

6 0
3 years ago
Greece and Portugal have different wage rates, tax regimes, and business cycles. The two countries have also reacted differently
eimsori [14]

Answer:

The correct answer is letter "D": optimal currency area.

Explanation:

An Optimal Currency Area or OCA refers to a region that allows the establishment of a common currency for different countries that have similar economic patterns allowing them to set similar macroeconomic policies. The objective is the integration of those economies promoting growth and currency stability.

However, <em>economic hardship in Greece put block currencies such as the euro at risk since it unbalanced the Euro weight in western Europe. The relatively recent United Kingdom auto exclusion of the European Union (EU) through the "Brexit" is also a sign that the European zone has many countries looking for different interests.</em>

4 0
3 years ago
Look at the following data: durable goods = $200 billion; nondurable goods = $350 billion; services = $600 billion; fixed invest
Jet001 [13]

Answer:

The answer is $1,701 billion

Explanation:

Gross Domestic Product (GDP) is the cumulative (total) market value of the final outputs (goods and services) produced within an economy(country) during a given period of time usually a year.

GDP = C + I + G + (X - M)

where C - expenditure by households or consumers

I - investments by businesses or firms

G - expenditure from the government

X - exports from the country

M - imports into the country

Total consumers' expenditure is:

durable goods = $200 billion;

nondurable goods = $350 billion; services = $600 billion

Total. $1,150 billion

Total business investment is $200billion

Therefore, GDP is

$1,150 + $200 + $400 + ($30 - $79)

=$1750 - $49

= $1,701 billion

6 0
3 years ago
How much actual competition occurs in perfectly competitive markets? some make the claim that there is actually no competition b
Brilliant_brown [7]

The competition in the perfectly competitive market are known to be few in the actual sense.

<h3>What is a perfectly competitive market?</h3>

This is the type of market that is known to have barriers to entry in the market.

In such a business or a market type there is symmetry and their is perfect information existing for the consumers and the producers.

The following are the characteristics of this type of market

  • Firms that produce identical goods
  • large number of buyers
  • Many sellers of the products
  • The buyers and the sellers have perfect information that would enable them to make decisions.

Read more on perfect competitive market here: brainly.com/question/1748396

#SPJ1

5 0
2 years ago
A natural experiment is a chance occurrence that mimics a randomized controlled trial. In order to analyze causal effects from n
babymother [125]

Answer: b. The instrument is correlated with x1.

d. The instrument does not directly influence y, except through x1.

Explanation:

Based on the information given in the question, the necessary characteristics of a suitable instrument include:

• The instrument is correlated with x1.

• The instrument does not directly influence y, except through x1.

Some of the criteria for an instrument variable are the fact that it should have a causal effect on independent variable and also the dependent variable isn't directly affected except through the independent variable which is x1 in this scenario.

Therefore, the correct option are B and D.

4 0
3 years ago
Other questions:
  • In mary poppins, what animal was on the end of mary poppins' umbrella that spoke?
    13·1 answer
  • When transportation costs are added to production costs, it becomes unprofitable to ship some products over a large distance. Th
    15·2 answers
  • Your company receives advance payment in October for services that are provided during November. Which of the following statemen
    14·1 answer
  • Bovic Inc. is a growing company with sales of $1.25 million this year. The company expects to grow at an annual rate of 25 perce
    15·1 answer
  • If maria's daughter is the mother of my daughter who is maria
    6·2 answers
  • Which of the following statements is correct?
    14·1 answer
  • An accountant's ability to audit a company's records is an example of what type of skills?
    12·1 answer
  • In 2014, the city of Miketown collected $150,000 in taxes and spent $350,000. In 2014, the city of Miketown had a
    6·1 answer
  • The terms of trade between two countries refers to Multiple Choice what price the two countries agree upon for their imports and
    5·1 answer
  • What is the second step in the decision making model?.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!