Question
Which method helps to reduce bias when creating a sample
from a population for analysis?Solution
Random sampling minimizes bias by giving each individual in a population an equal chance of being selected. This equal probability helps ensure that the sample is representative of the population, reducing the likelihood that certain characteristics will be over- or under-represented. By relying on randomness rather than subjective criteria or convenience, analysts avoid systematic bias, which can skew results. Random sampling is particularly effective in quantitative research where representativeness is crucial for drawing valid, generalizable conclusions about the broader population. The other options are incorrect because: • Option 1 (small sample size) increases the risk of sampling error and may not capture population diversity. • Option 2 introduces bias based on subjective judgment, compromising sample representativeness. • Option 3 (willing participants) leads to self-selection bias, as the sample may differ from the general population. • Option 5 focuses on subgroups, which is useful for subgroup-specific analysis but limits broader generalization.
Under process costing, which of the following is considered as normal loss?Â
Which of the following financial statements shows a company's assets, liabilities, and equity at a specific point in time?
If a company uses LIFO inventory method in falling price environment (prices decreasing), then:
In the CAPM model, the expected return is expressed as:
E(R)=Rf+β(Rm−Rf)
Here, what does the risk-free rate (Râ‚“) represent or compens...
Which of the following is an example of an intangible asset?
The work of one clerk is automatically check by another clerk is called _________.
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A company purchases goods worth ₹10 lakh + 18% GST, uses 70% for taxable supplies and 30% for exempt supplies. Calculate eligible ITC.
As per Union Budget 2025-26, what is the new asset monetization plan target for 2025-30?
An interface that communicates with other tiers in a three-tier architecture structure is known as ________.