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 By the  time the  nest sample  is taken  into study  the report  of the  previous study  may be outdated.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

Characteristics, what are the characteristics of operation research

what are the characteristics of operation research

Assignment, discuss Dr. Konigs assignment method

discuss Dr. Konigs assignment method

Precentile - measure of central tendency , Normal 0 false fal...

Normal 0 false false false EN-IN X-NONE X-NONE

Linear programming problem, A paper mill produces two grades of paper viz.,...

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

Semeter 5, explian completelly the operation reserch

explian completelly the operation reserch

Simple size -sampling decisions, simple Size When a survey  is underta...

simple Size When a survey  is undertaken and  it is not  possible  to cover  the entire population, the marketing  researcher has to  answer a basic  question  - how  large  s

Decision analysis models, These models deal with the selection of an opt...

These models deal with the selection of an optimal course of action given the possible pay offs and their associated probability of occurrence. These models are broadly

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

Limitation - report writing presentation, Limitation  The  report s...

Limitation  The  report should  also point  out the  main  limitation of the  research reported  therein. This  will be helpful  to the reader who can form  his own opinion

MODERN MANAGEMENT, DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH...

DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH IN MODERN MANAGEMENT

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