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 By the  time the  nest sample  is taken  into study  the report  of the  previous study  may be outdated.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

Drurys principles, Drury's Principles: The basic principle, which stil...

Drury's Principles: The basic principle, which still governs the selection of reading material for a library, was enunciated by Drury  in 1930. It states: "To provide the righ

Solve the following linear programming graphically, Problem based on graphi...

Problem based on graphical solution of a given LPP when feasible region is bounded. 1.    Solve the following linear programming graphically; Maximize and minimize z = 60x+

Goal programming, A farmer in the Midwest has 1,000 acres of land on which ...

A farmer in the Midwest has 1,000 acres of land on which she intends to plant corn, wheat, and soybeans. Each acre of corn costs $100 for preparation, requires 7 worker-days of la

Simple random sampling - sampling decisions, Simple Random Sampling  ...

Simple Random Sampling  This  is  simplest  and most  popular  technique  of sampling. In it each  unit  of the  population has equal  chance  of being  included in the samp

LPP, USE SIMPLE METHOD TO SOLVE THE FOLLOWING LPP MAXIMISE Z=4X1+10X2 SUBJE...

USE SIMPLE METHOD TO SOLVE THE FOLLOWING LPP MAXIMISE Z=4X1+10X2 SUBJECT TO CONSTRAINS, 2X1+X2 2X1+5X2 2X1+3X2 X1, X2>0

Inherent forces fomenting conflicts of interest, Inherent forces fomenting ...

Inherent forces fomenting conflicts of interest Several forces have coalesced to increase the incidence of conflicts of interest in the medical industry: the vertical integrat

LPP, #A paper mill produces two grades of paper viz., X and Y. Because of r...

#A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper

LPP, A paper mill produces two grades of paper viz., X and Y. Because of ra...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Macroeconomic environment in which the business operates, Provide a descrip...

Provide a description of the macroeconomic environment in which the business operates noting: a) The overall 'stability' of the political system/government of the country in whi

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