Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that 1 0 , 0 0 0 customers in a retailer's customer database are categorized by three customer types: 3 , 5 0 0

Suppose that10,000 customers in a retailer's customer database are categorized by three customer types: 3,500 prospective buyers, 4,500 first time buyers, and2,000 repeat(loyal) buyers. A sample of1,000 customers is needed.
What type of sampling should you do? Why?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Foundations of Operations Management

Authors: Larry P. Ritzman, Lee J. Krajewski, Manoj K. Malhotra, Robert D. Klassen

3rd Canadian Edition

132317532, 978-0133076783, 133076784, 978-0132317535

More Books

Students also viewed these General Management questions