The set of all of the elements that comprise an account balance or a class of transactions is referred to as a ________.
A) sampling unit
B) sample
C) population unit
D) population

Question

Quizplus · Accepted Answer

The set of all elements that comprise an account balance or a class of transactions is referred to as a population. A sampling unit is a single item or element that is selected from the population for inclusion in a sample. A sample is a subset of the population that is selected for analysis or study. A population unit is not a commonly used term in statistics.

The Set of All of the Elements That Comprise an Account