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Ch 05:Assignment-Data Collection and Sampling
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4.Sampling plans
For each of the following example,identify the sampling plan
Sampling Method
Simple
Stratified
Random
Random
Cluster
Statistical Study In a study of bank loans to small businesses,a random sample of banks is selected. For the banks in the sample,data are collected on every small business loan approved during a particular month.
Sampling
Sampling
Sampling
In a study of large firms, firms with annual sales of at least $250 million are divided into three groups based on their levels of diversification.A simple random sample is taken from each group,and data are collected on each firm in the sample.
To estimate the average grade point average of the students in a large statistics class, students in the course are numbered sequentially.A random-number table is used to select 40 random numbers from the numbers assigned to the students.A sample of students is obtained by using the students whose
numbers correspond to the 40 randomly selected numbers.
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