Question
Que //Extensively Review the following Scenarios and Describe the appropriate target Population, Sampling Frame and Sampling method and Provide rationale for each of your recommendations.
Que //Extensively Review the following Scenarios and Describe the appropriate target Population, Sampling Frame and Sampling method and Provide rationale for each of your recommendations.
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 and heavy weight steel and can be used by automobile construction equipment and major appliance manufactures.
a) Identify the population and sampling frame that could be used in this study.
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 method would you recommend? Why?
Key to the assignment
Identify the population and sampling frame for each scenarios
Compare different Sampling strategies as they apply to each scenario
Compare and contrast different sampling methodologies
Note: Provide Scholar References & Citations
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