In: Economics
What are different types of sampling in bussiness
research method?
Briefly
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.