Sequential sampling -sampling decisons, Operation Research

Assignment Help:

Sequential Samplin

The previous  has shown  that the sampling  units  were drawn  prior  to the drawing of the actual   sample  and has  a fixed  size. But the  sequential  sampling  known  as  sampling analysis differs  from  the previous  samples in the sense that it  does not make  an advance determination  of the sample size. In  this case the  researcher  obtains measurements on  one  unit  or the population at a single time. A group  of population  units is  also measured  at a time. The measurement of each group  are cumulated. With the  probable error and the cumulated results the size of the  sample can  be decided. If  the error is too  large  the study  of additional groups  continues until  the standard  error is reduced  to a minimum level.

The  sample  size may  vary  according  to the need  of the  management and standard error. It is  not fixed in test the  hypotheses sequential  sampling  reduces the required  sample size as compared to the fixed sampling. When the sequential  sampling  is applied  the survey costs  may be reduced. The utility of  sequential sampling in marketing is not very useful because there is need of a randomly selected  sample or  cross section study. No small  group  of sample  will  be sufficient. There may be  need of  additional groups of samples to  reduce standard  error which may  involves  more cost. By the  time the  nest sample  is taken  into study  the report  of the  previous study  may be outdated. Considering the  utility of the  continuing  sampling the sequential  sample  is utilized in  the marketing  study.

 


Related Discussions:- Sequential sampling -sampling decisons

Advantages of mean deviation - measure of dispersion, Advantages  of Mea...

Advantages  of Mean  Deviation a.It is based on all the  observation . any  change in any  item would  change the value of mean  deviation. b.Mean  deviation  is less  aff

Assignment, Six Operators are to be assigned to five jobs with the cost of ...

Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment

Area under standard normal curve, Area under Standard Normal Curve The...

Area under Standard Normal Curve The graph  of the  standard  normal  curve y = p(z) with  different percentages areas is  shown here. Since p(z) is  a probability  distributi

One sample sign test - hypothesis testing , One Sample sign Test In...

One Sample sign Test In a one  sample  test the  null  hypothesis μ = μ 0 against an  appropriate alternative on the basis of a random sample of size n we replace each sam

Medical industry payments to physicians, Medical Industry Payments to Physi...

Medical Industry Payments to Physicians The relationships between physicians and medical related companies in the United States, generally acknowledged to be familiar given th

Replacement, an electric company which generates and distributes electricit...

an electric company which generates and distributes electricity conducted a study on the life of poles. tha appropriate life data are given in the following table: years after inst

Annotated bibliography - report writing presentation , Annotated bibliograp...

Annotated bibliography   In  this  bibliography each  is followed  by a one sentence or  one  paragraph  description of the content  of the work  cited. For  example Bndypad

Simple method, solve the LPP using simple method, maximize z= 3x1+2x2 subje...

solve the LPP using simple method, maximize z= 3x1+2x2 subject to constraints

Quality circles, advantage of quality circle process

advantage of quality circle process

Steps of field study, Festinger and Katz have described followings six ste...

Festinger and Katz have described followings six steps in the conduct to a field study. a. Preliminary Planning :Deciding scope and objectives of study and the time table

Write Your Message!

Captcha
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