Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Cluster Sampling
Here the population is divided into clusters or groups and then Random Sampling is done for each cluster. Cluster Sampling differs from Stratified Sampling. In the case of Stratified Sampling, the elements of each stratum are homogeneous (there are relatively minor variations within them.) As opposed to this, in Cluster Sampling the elements of each cluster are not homogeneous. Each cluster is representative of the population.
Example
The retailer may use Cluster Sampling as follows:
She would divide the city of Mumbai into 4 - 5 zones say Zone I, Zone II, Zone III, Zone IV and Zone V. From the addresses on the bills she would classify the customers in the following clusters:
Zone I customers
Zone II customers
Zone III customers
Zone IV customers
Zone V customers
Then she would consider every item within randomly selected clusters. Note that there can be large variation within each cluster. For example, in the cluster of Zone I customers, there could be TV buyers, Stereo buyers and VCR buyers. As opposed to this, in Stratified Sampling there is relatively less variation within each stratum. For example, the stratum of TV buyers would include only those customers who have bought TVs.
A monopolist firm''s demand curve is given by P:100-2q. (a) Find its marginal revenue function.
Statistical Errors Statistical data are obtained either by measurement or by observation. Hence to think of perfect accuracy is only a delusion or a myth, It is no
In a study of outcomes for patients who had been in the Intensive care Unit (ICU) at a large hospital, the records from last 150 patients who had been in the ICU for more than one
Jocko's Garage has been accused of insurance fraud. Data on estimates made by Jocko and another garage were obtained for 10 damaged vehicles (available in 'jockogarage.txt'). Here
You were recently hired by E&T Boats, Inc. to assist the company with its financial planning and to evaluate the company's performance. E&T Boats, Inc. builds and sells boats to o
When the number of farmers growing wheat in Russia increases, the increase in world supply lowers the world price of wheat. Draw an appropriate diagram to analyze how this chang
Consider three stocks A, B and C costing $100 each. The annual returns on the three stocks have mean $5 and variance $10. a. Suppose that the returns on the three stocks are i.i
Need help on my maths assignment
Modify your formulas from (1) to compute the price at time 0 of an American put option with the same contract specications in the binomial model. Report the price of the American
Examine properties of good average with reference to AM, GM, HM, MEAN MEDIAN MODE
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd