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Introduction to Statistics Assignment

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Added on  2020-03-23

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Running head: INTRODUTION TO STATISTICS1Sampling TechniquesStudent’s NameInstitutional Affiliation
Introduction to Statistics Assignment_1
INTRODUCTION TO STATISTICS2I have selected Case Study 1.a.Who or what would be the precise target population? In a couple of sentences, explainwhy you have to study a sample of the population.The target population will be the business school students in the college because the business major being introduced will be for them.A sample is best fit study since it consumes less time than studying the population since assessing all the business students within the given time frame may be impossible and it is easier to gather data and make inference with a sample rather thanthe population (Andrews, L. C., & Phillips, R. L. (2005)). A sample is also more precise because you have to deal with a smaller number which produces less error compared to the population. Collecting data from the entire business fraternity may prove to be more costly than collecting from a portion of them.b.Based on the case you picked, choose one sampling method to gather data from the four methods listed below. Explain the rationale behind your selected method.I would select stratified random sampling since it represents the whole population of interest. It minimizes bias in sample selection and ensures that each and every individual of the fraternity is given an equal chance (Brus, D. J., & De Gruijter, J. J. (1997)). Stratified random sampling also minimizes error compared to other sampling techniques given the same population.c.Explain the step-by-step details about how you are going to put this sampling technique into action.Step oneIdentify the population of interest. In our case our target population is the business students in the college.Step two
Introduction to Statistics Assignment_2

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