Two common subjective sampling methods are judgment sampling and convenience sampling.
Indicate whether the statement is true or false
Q. 2The ________ in Crystal Ball is used to define an assumption based on the empirical distribution of the data.
A) Fit distribution
B) Custom distribution
C) Correlate button in the Define Assumption dialog
D) Bootstrap tool
Q. 3Which of the following is true of classical probability?
A) It is based on theoretical arguments.
B) It is determined by historical data and past outcomes.
C) It is based on experimental data.
D) It is based on personal judgment.
Q. 4When customers return a product to a store and the store asks the customer to indicate the reason that the merchandise was returned, the resulting data are quantitative since multiple people will be providing the data.
Indicate whether the statement is true or false
Q. 5Is there sufficient evidence to reject the null hypothesis that there is no difference between the three exam forms? Use = 0.05.
What will be an ideal response?
Q. 6Systemic risks associated with stock price fluctuations are measured with beta. Why is beta an important technical indicator of systemic risks and how is it obtained?
What will be an ideal response?
Q. 7The ideal sampling frame is a list of at least 75 of all members of the target population.
Indicate whether the statement is true or false