Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Solve the below problem using Stratified Sampling Method 1. Suppose you want to open a 'book' shop at Dhaka New Market. There are 235 shops
Solve the below problem using Stratified Sampling Method
1. Suppose you want to open a 'book' shop at Dhaka New Market. There are 235 shops currently,r operating in there of which 100 are small and 90 are large. As a beginner, an idea about monthly sell of the existing shops would be useful. Under this circumstance, 16 shops are randome selected from two strata and the total sells (in '000 5) over the last month of the sampled shops are as follows: El: 68 83 62 90 82 81 88 72 61 BE: 107105 135 112 115 108 101 (i) Find an estimate of the monthly sells per shop (ii) Also estimate the standard error of the sample meanStep 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