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Cluster Sampling and Area Sampling: Cluster sampling involves grouping the population and then selecting the group or the cluster rather than individual elements for inclusion in the sample. The clustering approach can however make the sampling procedure relatively easier and increase the efficiency of fieldwork especially in the case of personal interviews,
Area sampling is generally done when the total geographical area of interest is big one. We first divide the total area into a number of smaller non over lapping areas generally called geographical clusters then a number of these smaller areas are randomly selected and all units in the small areas are included in the sample.
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Bond Relationship A debt gadget issued through a official or just the formal legal procedure and secured either by the pledge of detailed properties or revenues or by the general
1. You have a regional country-year dataset over 10 years of 150 total observations, within this data you have 25 observations where the ruling party has lost power. (a) Assumin
The trial balance of the Parton Wholesale Company contained the following accounts at December 31, 2010 the end of the company’s calendar year. PARTON WHOLESALE COMPANY Trial Bala
Explain what central tendency and variability are. In your answer define what the mean, median, mode, variance, and standard deviation are. What is the difference between the descr
Example and formula of Quantity Index
Define Wages Income is often associated with production workers (sometimes referred to as "blue-collar" workers), non-managers, and other workers whose pay is reliant on time wo
a) Statistics are collecting, organizing, summarizing and presenting a set of data. b) Inferential statistics is the learn of a sample that enables us to make estimates about t
foster company makes 20000 units per year that in uses in products it manufactures
SkyyMarley Airlines has determined that the price elasticity of demand for two customer segments (Coach and Business Class) is -1.35 and -2.50. Based on their expectations of prof
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