Question

In: Economics

What are different types of sampling in bussiness research method? Briefly

What are different types of sampling in bussiness research method?
Briefly

Solutions

Expert Solution

Answer

Different types of sampling in bussiness research method are as follows:

1. Simple random sampling
In a simple random sample, every member of the population has an equal chance of being selected. Your sampling frame should include the whole population. To conduct this type of sampling, you can use tools like random number generators or other techniques that are based entirely on chance.

2. Systematic sampling
Systematic sampling is similar to simple random sampling, but it is usually slightly easier to conduct. Every member of the population is listed with a number, but instead of randomly generating numbers, individuals are chosen at regular intervals.

3. Stratified sampling
This sampling method is appropriate when the population has mixed characteristics, and you want to ensure that every characteristic is proportionally represented in the sample. You divide the population into subgroups (called strata) based on the relevant characteristic (e.g. gender, age range, income bracket, job role).

From the overall proportions of the population, you calculate how many people should be sampled from each subgroup. Then you use random or systematic sampling to select a sample from each subgroup.

4. Cluster sampling
Cluster sampling also involves dividing the population into subgroups, but each subgroup should have similar characteristics to the whole sample. Instead of sampling individuals from each subgroup, you randomly select entire subgroups.

If it is practically possible, you might include every individual from each sampled cluster. If the clusters themselves are large, you can also sample individuals from within each cluster using one of the techniques above.


Related Solutions

please explain different types of sampling with examples? (business research method)
please explain different types of sampling with examples? (business research method)
what are the different types of sampling methods in a research and when are they used...
what are the different types of sampling methods in a research and when are they used ?
what are good topic's for a research papers on bussiness?
what are good topic's for a research papers on bussiness?
What is Sampling? What are the types, advantges and disadvantages of sampling?
What is Sampling? What are the types, advantges  and disadvantages of sampling?
Theoretical question: What is the Research Purpose, Objective, and Design? Also: What is the sampling method...
Theoretical question: What is the Research Purpose, Objective, and Design? Also: What is the sampling method & size, data collection method as well as data analysis & Presentation? The American Conservatory theater, a major repertory theater located in San Francisco, was completing its tenth season. The management team at ACT decided to conduct a major research study, intended to help their planning effort. A questionnaire was deceloped and mailed to their approximately 9,000 season subscribers. A return rate of 40%...
Research Paradigms: Different kinds of research require different types of paradigms. Identify three types of research...
Research Paradigms: Different kinds of research require different types of paradigms. Identify three types of research and the appropriate paradigm for each.
What are the different types of sampling, and how do they affect the statistical data analysis...
What are the different types of sampling, and how do they affect the statistical data analysis decisions?
briefly explain five types of probability sampling in business statistics
briefly explain five types of probability sampling in business statistics
Compare the different types of random sampling methods. Describe an example in which stratified sampling and...
Compare the different types of random sampling methods. Describe an example in which stratified sampling and cluster sampling should be used. Do not cite examples already provided by peers. In replies to peers, provide analysis and recommendations.
Compare the different types of random sampling methods. Describe an example in which stratified sampling and...
Compare the different types of random sampling methods. Describe an example in which stratified sampling and cluster sampling should be used
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT