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 By the  time the  nest sample  is taken  into study  the report  of the  previous study  may be outdated.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

Environmental demands, Problem 1 Explain the key elements, which contri...

Problem 1 Explain the key elements, which contribute to a sound and effective strategy. >>Explanation of following elements Market Consumers Competition Skil

Mode of presentation - report writing presentation, Mode  of Presentation...

Mode  of Presentation A strategy  needs to be  chalked out for  a satisfactory  rendering of the  topic. The  man oeuvres are going  t vary  with a  change in the  manner  of

''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

Network problem, Consider the following network where the value on each arc...

Consider the following network where the value on each arc represents the capacity of that arc. Use the augmenting path algorithm to find the value of the maximum flow from node 1

Categories of information in social sciences, Categories of Information in ...

Categories of Information in Social Sciences: It would be useful, particularly in social sciences, to group information into three categories:  •  Statistical Information

Modi, there are 5 plants located in different cities and manufacturer a com...

there are 5 plants located in different cities and manufacturer a common produt A

Two sample tests- hypothesis testing, Two Sample Tests In some  situat...

Two Sample Tests In some  situation the researchers may be taking  statistical decisions based on two samples. Each  of the  two  samples may  represent a particular under con

Question, A paper mill produces two grades of paper viz., X & Y. Because of...

A paper mill produces two grades of paper viz., X & Y. Because of raw material restrictions, it cannot produce more 400 tons of grade X paper & 300 tons of grade Y paper in a week.

Operation research, Discuss the methodology of operation research

Discuss the methodology of operation research

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