Systematic Random Sampling Method | CFA Level 1 Exam Prep

Systematic Random Sampling Method

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Question

In a systematic random sampling method,

Answers

A. a sample selected such that every member of the population has the same chance of being selected.

B. a sample is selected by randomly from within the first N members of the population and then selecting every Nth member of the population.

C. a sample is selected by drawing numbers from a normal probability distribution.

D. a sample is selected by first dividing the population into groups and then selecting members from each group. B

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Explanations

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A. B. C. D.

Explanation

The population members are arranges in a systematic way, such as alphabetically or by date received. A random starting point is selected and then every Nth item is selected for inclusion in the random sample.

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