Question
Read the scenario below, then answer the questions below. (Scenario) An investment firm wants to appeal to triple-bottom-line investors, meaning those who prioritize a balance
Read the scenario below, then answer the questions below.
(Scenario)
An investment firm wants to appeal to "triple-bottom-line" investors, meaning those who prioritize a balance between economic, social, and environmental prosperity.Suppose this investment firm creates a mutual fund called the "Socially Conscious Index Fund," which consists of stocks from 100 companies that are considered to be model examples of corporate social responsibility.Out of 2,000 possible companies, the 100 companies in the index fund were selected by a committee of board members who all tend to advocate for the "triple bottom line."In the committee's opinion, the 100 companies in the index fund were the best representatives of corporate social responsibility in comparison to all other public-traded companies.
(a)Identify the type of sampling method that is described andexplainthe rationale behind your answer (Possible answers include simple random sampling, systematic sampling, cluster sampling, stratified sampling, convenience sampling, judgement sampling, quota sampling, and snowball sampling).
(b)List andexplainone potential weakness in this sampling method.
(c)Would this sample be a probability or nonprobability sample?Explain.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started