Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BEO2255: Applied Statistics for Business Week 3: Simple random stratified random and cluster sampling Tutorial 1. What is meant by random sampling? 2. What are

BEO2255: Applied Statistics for Business Week 3: Simple random stratified random and cluster sampling Tutorial 1. What is meant by random sampling? 2. What are the difficulties associated with selecting a simple random sample 3. State two non-random sampling approaches 4. Distinguish sampling error from non-sampling error and list main non-sampling errors related to data collection 5. What is the difference between sampling with replacement and sampling without replacement? 6. Suppose that 5000 sales invoices are separated into four strata. Stratum 1 contains 50 invoices, stratum 2 contains 500 invoices, stratum 3 contains 1,000 invoices and stratum 4 contains 3,450 invoices. A sample of 500 sales invoices is needed. a. What type of sampling should you do/ why? b. Explain how you would carry out the sampling according to the method stated in (a) c. Why is the sampling in (a) not a simple random sampling 7. Distinguish between stratified and cluster sampling

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.

9th Canadian Edition, Volume 2

470964731, 978-0470964736, 978-0470161012

Students also viewed these Mathematics questions