Financial analyst Larry Potts needs a sample of 100 securities listed on the Toronto Stock Exchange.In the current issue of the Report on Business Magazine,2,531 securities are listed in the "Toronto Exchange Composite Transactions," an alphabetical listing of all securities traded on the previous business day.Larry uses a table of random numbers to select 100 numbers between 1 and 2,531.His sample is a ___.
A)quota sample
B)simple random sample
C)systematic sample
D)stratified sample
E)cluster sample

Question

Quizplus · Accepted Answer

Larry used a table of random numbers to select the sample, which means every security listed in the table had an equal chance of being selected. This is the definition of simple random sampling.

Financial Analyst Larry Potts Needs a Sample of 100 Securities