What is the appropriateness of using a simple random sample

Assignment Help Financial Accounting
Reference no: EM132625980

You are designing a direct marketing campaign for an online clothing retailer. As part of your design, you quantify the expected response rates by ethnic group. Your definition of the term "ethnicity" follows that of the U.S. Census Bureau (e.g., Hispanic, Asian, African American, etc.). You want to test your campaign using 1,000 randomly selected households, but you want your sample to mimic the US population in terms of the proportion of different ethnicities (e.g., if Hispanics constitute about 12 percent of the US population, 12 percent of your sample should be Hispanic).

Question 1: What is the appropriateness of using a simple random sample as the test's sampling plan?

Question 2: What other potential sampling plans might be more or less appropriate than using a simple random sample?

Reference no: EM132625980

Questions Cloud

Explain how interviews may have an effect on emotions : Explain how interviews may have an effect on emotions, behaviors, thoughts, and motivations of individuals at work and how an interview (proper or improper)
Relevance of an interview in organizational psychology : Explain how an interview is structured and the relevance of an interview in organizational psychology?
What is the best way to see line items affected in the sales : Considering QuickBooks Online uses the FIFO method for tracking inventory, what is the best way to see line items affected in the sales transaction
Difference between social anxiety disorder and agoraphobia : Explain the difference between social anxiety disorder and agoraphobia
What is the appropriateness of using a simple random sample : What other potential sampling plans might be more or less appropriate than using a simple random sample? What is the appropriateness of using a simple random
What does nurturant caregiving look like in infancy : How do these practices benefit young children's physical, cognitive and/or socioemotional development? Please provide specific examples.
Discuss the essential responsibilities of thr formal role : Discuss a formal role where a nurse is in a position of leadership. Outline the essential responsibilities of that role and the educational preparation.
Review the member functions and the leader functions : Review the member functions and the leader functions at this stage. After completing these tasks, apply the appropriate intervention that you would use for thes
How much is the ending long-term debt account : Shinedown, Corp., had a long-term debt balance of $46,755. How much is the ending long-term debt account on the company's balance sheet?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd