Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Simple Random Sampling
In Simple Random Sampling each possible sample has an equal chance of being selected. Further, each item in the entire population also has an equal chance of being selected.
Example A retailer of electronic goods (TVs, Stereos, Videos) wants to study her customer purchases in the city of Mumbai. For this purpose her population is all her customers in Mumbai. Their names and addresses are on the carbon copies of bills in her bill book. To do a Random Sampling of her customers she can put all the carbon copies in a box and draw out a certain number of copies after thoroughly mixing them up. The customers so picked would form a Random Sample. In a more refined manner, she can enter the bill numbers in her computer and command it to select bill number at random. The customers related to the bill numbers so selected would form a Random Sample. (If she wanted a judgemental sample she would have scrutinized the bill copies and selected certain customers whom she considered a representative sample. However, the accuracy of the estimate so made cannot be found.)
Example
A retailer of electronic goods (TVs, Stereos, Videos) wants to study her customer purchases in the city of Mumbai. For this purpose her population is all her customers in Mumbai. Their names and addresses are on the carbon copies of bills in her bill book. To do a Random Sampling of her customers she can put all the carbon copies in a box and draw out a certain number of copies after thoroughly mixing them up. The customers so picked would form a Random Sample.
In a more refined manner, she can enter the bill numbers in her computer and command it to select bill number at random. The customers related to the bill numbers so selected would form a Random Sample.
(If she wanted a judgemental sample she would have scrutinized the bill copies and selected certain customers whom she considered a representative sample. However, the accuracy of the estimate so made cannot be found.)
Theories of Business forecasting
The cost of living index number on a some data was 200. From the base period, the percentage enhances in prices were-Rent Rs 60, clothing Rs 250, Fuel and Light Rs 150 and Miscella
Characteristics of Index Number On the analysis of various definitions of index number the following may be its characteristics: 1. Expressed in Number : Index number
Importance of official statistic
The first step in this case is to ensure that you are adequately clear on the General Linear Model and its relationship to both ANOVA and regression. The distinction is approxim
Now, let's look at a different linear combination. Suppose we are interested n comparing the average mean log income for no college education ( 16). 1. Write out the linear com
CALCULATE THE PERCENTAGE OF REFUNDS EXPECTED TO EXCEED $1000 UNDER THE CURRENT WITHHOLDING GUIDELINES
Simple Random Sampling In Simple Random Sampling each possible sample has an equal chance of being selected. Further, each item in the entire population also has an equal chan
The quick method for a confidence interval for a proportion uses as an approximation for a 95% confidence interval. The margin of error in this case is slightly larger tha
Example of discrete random variable: 1. What is a discrete random variable? Give three examples from the field of business. 2. Of 1000 items produced in a day at XYZ Manufa
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd