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) Simple random sampling
B) Sampling with replacement
C) Sampling without replacement
D) Bayesian approach

Question

Quizplus · Accepted Answer

The Bayesian approach is a selection method that incorporates prior information about population parameters and considers the costs and probabilities of making wrong decisions, unlike the other sampling methods listed.

Is a Selection Method Where the Elements Are Selected Sequentially