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This type of sampling is also known as chance sampling or probability where each and every item in the population has an equal change of inclusion in the sample and one of the possible samples in case of finite universe has the same probability of beings selected. In case of infinite population the selection of each item in a random sample is controlled by the same probability and that successive selection are independent of one another.
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Bob Smith recently completed his MBA and accepted a job with a computer company. To ensure that his retirement is comfortable, he intends to invest $3,000 of his salary into a tax
Each month, the firm Cashco has 50% chance that an amount of $ 1,000 will be credited In its current account, and a 50% chance that the account is debited $ 1,000. As current accou
Tchebycheffs theorem As we all know standard deviation is a most widely used measure of variation. It has certain mathematical properties that facilitate development of statistica
Accounting Standards in Canada: : In 2005, the Accounting Standards Board in Canada promoted the use of IFRS over the use of GAAP. The companies of Canada are supposed to ad
The Rohr Company''s old equipment for making subassemblies is worn out. The company is considering two alternatives: a) Completely replacing the old equipment with new equipment
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how would we find cumulative frequency for the median of discrete series
The manager of a large industrial plant is interested in investigating whether age has an effect on the leadership ability of employees. 66 employees were randomly selected, divide
Define BIENNIUM A 24-month fiscal era. In Washington, the biennium expands from July 1 of odd numbered years to June 30 of odd numbered or more years.
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