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 By the  time the  nest sample  is taken  into study  the report  of the  previous study  may be outdated.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

Steps involved in hypothesis testing of the mean , Statement of Hypothesis...

Statement of Hypothesis The  two hypothesis  i  ,e,  null hypothesis  (H 0 ) and Alternative Hypothesis (H 1 ) are so  constructed  that if  one is  correct the other  is wron

Frequency distribution graphs, Frequency  Distribution Graphs Freq...

Frequency  Distribution Graphs Frequency distribution graphs may be histogram frequency  polygon  frequency  curve  ogive curve.   1. Histogram The histogram is draw  f

''qualitative generic research'', Use the following article on qualitative ...

Use the following article on qualitative approaches written by Kahlke (2014), http://ejournals.library.ualberta.ca/index.php/IJQM/article/viewFile/19590/16141/ to answer the fol

Or, .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

Fromulation of LPP, A paper mill produces two grades of paper viz., X and ...

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 ot grade Y paper in

Banking operations, sir plz suggest me any book for this...or notes.....

sir plz suggest me any book for this...or notes.....

Bibliography format - report writing presentation , Bibliography Format ...

Bibliography Format a. Introduction : Bibliographies  tell  readers  where they can  locate  information  about  a topic. It is a list of sources  of information  for a repo

the simplex method, In large sized linear programming problems, the ...

In large sized linear programming problems, the solution cannot be obtained by the graphical method and hence a more systematic method has to be developed to find

Methodology of operation research, The systematic methodology developed f...

The systematic methodology developed for an operation research study with problems involving conflicting multiple objective policies and alternatives. Operation research in

Replacement models - operation research model, These models are used whe...

These models are used when one must decide the optimal time to replace equipment for one reason or the other for instance, in the case of equipment whose efficiency dete

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