________ is a selection method where the elements are selected sequentially.It explicitly incorporates prior information about population parameters as well as the costs and probabilities associated with making wrong decisions.
A)Bayesian approach
B)Sampling with replacement
C)Sampling without replacement
D)Simple random sampling

Question

Quizplus · Accepted Answer

The Bayesian approach is the only selection method listed that explicitly incorporates prior information about population parameters and the costs/probabilities associated with making wrong decisions. Sampling with or without replacement and simple random sampling do not incorporate this type of information.

________ Is a Selection Method Where the Elements Are Selected