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 By the  time the  nest sample  is taken  into study  the report  of the  previous study  may be outdated.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

Big M mehod, source code in c available?

source code in c available?

Answer, A paper mill products two grade of paper viz., X & Y. Because of ra...

A paper mill products two grade of paper viz., X & Y. Because of raw material restriction, it cannot produce more than 400 tons of grade X paper & 300 tons of grade Y paper in a we

Mr Diwakar, A PAPER MILL PRODUCES TWO GRADES OF PAPER VIZ., X AND Y. BECAUS...

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

Game theory, #question:explain the theory of dominance in the solution of r...

#question:explain the theory of dominance in the solution of rectangular games?

Scope and concept, Explian scope and concept of Operations research?

Explian scope and concept of Operations research?

Explain decision making process, Explain Decision Making Process. Deci...

Explain Decision Making Process. Decision Making Process: A good decision can only be prepared as a result of a rational decision making process. The different stages of the

LInear Programming, - A paper mill produces two grades of paper viz., X an...

- 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 pape

Principles of construction of research tool, Principles of Construction of ...

Principles of Construction of Research Tool Content of research tool should be based on aims and need of research problem: The questioning words must be concise compreh

Tables and graphs, Normal 0 false false false EN-IN ...

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

Periodical article - report writing presentation , Periodical Article ...

Periodical Article A periodical is a publication that is  published  periodically like  a newspaper a magazine  and a journal. Usually  periodicals have  volume numbers  and n

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