Distinguish a nonprobability from a probability sampling method. Which one is the preferable method and why? Indicate

Question:

Distinguish a nonprobability from a probability sampling method. Which one is the preferable method and why? Indicate the pros and cons associated with probability and nonprobability sampling methods.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Marketing Research

ISBN: 978-0133074673

7th edition

Authors: Alvin C. Burns, Ronald F. Bush

See More Books

Question Posted: Aug 06, 2015 02:00 AM

See More Questions

ON 7 As assistant to the CFO of Boulder Inc., you must estimate the Year 1 cash flow for a project with the following data. What is the Year 1 cash flow? Do not round the intermediate calculations...
Which one is the strongest oxidizing agent in acidic solution (see Figure 15.6 for Frost diagram for the elements of the nitrogen group in (a) acidic solution and (b) basic solution)? Sb 5+ P 5+ Bi...
Distinguish between probability and nonprobability samples. What are the advantages and disadvantages of each? Why are nonprobability samples so popular in marketing research?
Compute the determinant below. 14 8 8 8 51 1000 8 7 3 0 0 0 8 8 8 8 8 2
In the United States, its legal to work for free: We call this an unpaid internship. a. Why will college students take these zero-wage jobs when they could get a minimum wage job instead? b. Which...
A trust fund manager needs to determine how to invest $200,000 in the following collection of bonds to maximize the pre-tax annual return. Bond Annual Return Maturity Risk Tax-Free A 9.5% Long High...
A common procedure in metallurgy is solidification from a melt in a cylindrical mold. If the Jacob number is small we can use the pseudo-steady-state model, which should now include the conduction in...
Justin Corporation had these transactions pertaining to debt investments: Jan. 1 Purchased 90 10%, $1,000 Graham Co. bonds for $90,000 cash plus brokerage fees of $1,200. Interest is payable...
Adams Company makes a product that sells for $ 3 3 per unit. The company pays $ 1 9 per unit for the variable costs of the product and incurs annual fixed costs of $ 1 3 7 , 2 0 0 . Adams expects to...
Returns on a certain business venture, to the nearest $1,000, are known to follow the probability distribution XP(x) -2,000 ......0.1 -1,000 ......0.1 0 ......0.2 1,000 ......0.2 2,000 ......0.3...
Go over the needed integrated case facts and information imparted to you in previous chapters and design an online survey questionnaire for Advanced Automotive Concepts.
Why is quota sampling often used with a convenience sampling method such as mall intercepts?
Factor the given expressions completely. 27L 6 + 216L 3
An asset was purchased for $ 1 1 0 , 0 0 0 on January 1 , Year 1 , and originally estimated to have a useful life of 9 years with a residual value of $ 8 , 0 0 0 . At the beginning of the third year,...
Blossom Corporation has outstanding 2 , 0 0 0 of $ 1 , 0 0 0 bonds, each convertible into 7 0 shares of $ 1 0 par value common stock. The bonds are converted on December 3 1 , 2 0 2 5 , when the...
What type of Indexes are the S&P 500, Dow Jones Industrial Average, and NASDAQ Composite? What factors influence the performance of these indexes? Is there a difference between the performances of...
Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 3 1 Line Item Description Amount Amount Cash 6 , 8 4 0...
Lucia Company has set the following standard cost per unit for direct materials and direct labor.Compute the direct materials price and quantity variances. ( 2 ) Compute the direct labor rate...
A truck traveling along a straight road at speed v 1 , increases its speed to v 2 in time t. If its acceleration is constant, determine the distance traveled. Given: VI = 20 km hr V2 = 120 km hr t =...
Consider the following cash flows in Table P5.5. (a) Calculate the payback period for each project. (b) Determine whether it is meaningful to calculate a payback period for project D. (c) Assuming...
What are differences and why should market researchers be concerned with them? Why are marketing managers concerned with them?
When a market researcher compares the responses of two identifiable groups with respect to their answers to the same question, what is this called?
A marketing manager of newegg, a web-based electronic products sales company, uses a segmentation scheme based on the incomes of target customers. The segmentation system has four segments: (1) low...
For this assignment, submit the code (SQL script or document), including structure from the Data Definition Language (DDL) and the Data Manipulation Language (DML). Use these SQL Statements as a...
Data Manipulation Tasks a Insert 20 records into each table for testing purposes. a Delete an entire order by using the unique identifier for that order. o Update the price of a product by using the...
Data manipulation language (DML) provides a number of capabilities that allow you to build custom queries of existing data. What are two capabilities you might use to limit the data you select or...

Distinguish a nonprobability from a probability sampling method. Which one is the preferable method and why? Indicate

Question:

Step by Step Answer:

A probability sample is one in which members of the population have a known chance probability of b...View the full answer

Marketing Research

Students also viewed these Marketing questions