Question
A manufacturer would like to survey users to determine the demand potential for a new power press. The new press has a capacity of 500
A manufacturer would like to survey users to determine the demand potential for a new power press. The new press has a capacity of 500 tons and cost $225,000.It is used for forming products from lightweight ad heavyweight steel can be used by automobile, construction equipment and major appliance manufacturers.a)Identify the population and sampling frame that could be used.b)Describe how a simple random sample can be drawn using the identified sampling frame.c)Could a stratified sample be used? If so, how?d)Could a cluster sample be used? If so, how?e)Which sampling technique would you recommend? Why?
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