Question: In Exercise 1.49, you used simple random sampling to obtain a sample of 10 firms from Fortune Magazines list of The International 500. a. Use

In Exercise 1.49, you used simple random sampling to obtain a sample of 10 firms from Fortune Magazine’s list of “The International 500.”

a. Use systematic random sampling to accomplish that same task.

b. Which method is easier: simple random sampling or systematic random sampling?

c. Does it seem reasonable to use systematic random sampling to obtain a representative sample? Explain your answer.

Exercise 1.49

Each year, Fortune Magazine publishes an article titled “The International 500” that provides a ranking by sales of the top 500 firms outside the United States. Suppose that you want to examine various characteristics of successful firms. Further suppose that, for your study, you decide to take a simple random sample of 10 firms from Fortune Magazine’s list of “The International 500.”

Step by Step Solution

★★★★★

3.41 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a 1 Divide the population size 500 by the sample size 10 and round down to the nearest whole number ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Elementary Statistics A Step By Step Approach Questions!

In Exercise 1.49 on page 16, you used simple random sampling to obtain a sample of 10 firms from Fortune Magazine's list of "The International 500." In E 49 Each year, Fortune Magazine publishes an...

An expert reviews a sample of 10 scientific articles (n = 10) and records the following number of errors in each article: 0, 4, 2, 8, 2, 3, 1, 0, 5, and 7. Compute SS, variance, and standard...

use systematic random sampling to obtain a sample of 10 firms from fortune magazines list of the international 500 consider the companies as being numbered 1 through 500, and identify which numbers...

In Exercise 1.43 on page 15, you used simple random sampling to obtain a sample of 10 firms from Fortune Magazine's list of "The International 500." In exercise Each year, Fortune Magazine publishes...

Need help with these multiple choice questions for internal audit final exam. Due in 2 hours. QUESTION 1 RsQ_004Without management direction and assumption of responsibility, it would be...

Scanned by CamScanner Sampling and Sampling Distribution (Ch. 5 & 9) BA1605-07 (Sampling) 1 Polls BA1605-07 (Sampling) 2 Statistical Inference Involves Estimation Population? Hypothesis testing...

Chapter 1 introduced us to an array of different sampling methods. We've seen several ways to mitigate bias in sample selection. One of these ways involves simple random sampling, in which everyone...

I have done milestone 1,2 and 3 but need help articulating the final audit report based on these three documents. Final report (summary) should be 8-10 pages plus cover page and supporting documents....

Your end-of-semester assignment is as follows: (a) (i) read the two Economist articles entitled ?Debt is Good for You? (dated 01/25/2001) and ?Debtors? Prison? (dated 02/09/2009), which discuss the...

In statistics, estimation refers to the process by which one makes inferences about a population or model, based on information obtained from a sample. In practice, it is often impossible to examine...

Find the following limits: x4 - 16 x2 - 2x - 4 x2 - 4 a) lim X-0 b) lim c) lim x-0 x3 - 8 x3 - 1 X- 2

Identify several measures that might be included in a sustainability balanced scorecard.

Exercise two [ 1 7 Marks ] 1 . Assume a project costs \ ( \ $ 1 , 2 0 0 , 0 0 0 \ ) to implement and has annual net cash inflows of \ ( \ $ 3 4 5 , 0 0 0 \ ) for a period of eight years, a required...

2. According to the concept of point, our body maintains itself at a particular weight level.

Exercise 26 Flight Data Refer to Data Set 15 in Appendix B and use the times required to taxi out for takeoff.

Exercise 27 Presidential Longevity Refer to Data Set 12 in Appendix B and use the numbers of years that U.S. presidents have lived after their first inauguration.

Exercise 28 IQ Scores Refer to Data Set 6 in Appendix B and use the listed IQ scores.

The Oviedo Company is considering the purchase of a new machine to replace an obsolete one. The machine being used for the operation has a book value and a market value of zero. However, the machine...

Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. a. What is the IRR for each project? (Do not round intermediate...

Krell Industries has a share price of $21.19 today. If Krell is expected to pay a dividend of $1.12 this year and its stock price is expected to grow to $24.66 at the end of the year, what is Krell's...