Question: Question 2 : Sampling ( 5 marks, 3 0 minutes ) a total of 1 0 0 , 0 0 0 customers. Among them, 5

Question 2: Sampling (5 marks, 30 minutes)a total of 100,000 customers. Among them,50% with income of $35,000-60,000, and 20% with income higher than $50,000.a)(1.5 marks) The bank president asks you (a researcher) to conduct a survey among customers on their satisfaction with online banking, with a sample size for the survey of 1,000 customers. Explain the cluster sampling method and its advantages and disadvantages.Note: your answer must refer to the key words/concepts we discussed in class. Do not include key words/concepts that we did not cover in class.b)(1.5 marks) The president asks you to conduct 100 interviews among customers on their satisfaction with online banking. Explain the quota sampling method, and its advantages and disadvantages.Note: your answer must refer to the key words/concepts we discussed in class. Do not include key words/concepts that we did not cover in class.c)(2 marks) Discuss why managers at Canadian Bank Inc. need to have awareness of sampling designs and sample size decisions. Note: your answer must refer to the key words/concepts we discussed in class. Do not include key words/concepts that we did not cover in class.U v<<+ v

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