C27 A B C D E Home prices in the Greater Toronto Area have skyrocketed. WN 4 A few years ago, micro condos came on the market as an affordable option; a micro is less than 500 square feet. 5 6 Many buyers are moving into outlying areas. There is a one hour commute to Barrie (north), Whitby (east) and Hamilton (west). Some of those people are first time buyers. Others see the opportunity to sell their house in the GTA at a huge profit, and buy a new home mortgage-free. 9 In particular, the Hamilton-Ancaster area is a very hot housing 10 market. According to a recent report, for every 1% price increase in Toronto, Hamilton prices increase 1.4%. 11 12 One might expect increased demand in the City of Niagara Falls 13 14 Your team has been hired to conduct a survey on the new housing market. 15 16 State your research objectives. 17 18 Your client wants a margin of error of 3,25 percentage points at 95% confidence. What sample size is required? 19 20 Briefly explain the difference between a stratified sample and a simple random sample. 21 22 Your client has a particular interest in first-time buyers and empty-nesters, The client wants over-samples. Briefly explain. 23 24 Design a questionnaire that includes: 25 26 Screener question(s) 27 At least one open-ended question 28 At least 5 closed-ended questions 29 A least one branch/skip question 30 demographics 91 Q2 93A 93B Q4_Questionnaire Sheet 5 of 5 PageStyle_Q4 Questionn