Can you tell me the step by step process of how to do this? Provide a...

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Can you tell me the step by step process of how to do this?

Provide a substantive response that addresses all areas of theitem below. Your organization has asked you to estimate theproportion of current employees who expect to retire by the age of65. Develop an appropriate sampling frame and sampling approach tofacilitate this task. Note: Your sample must be random. Outline thedata collection process you would employ. Additionally, provide asubstantive response to the following questions:

I chose my company to have 500 employees and a sampling frame of21.

(Employee #1- 132, #2 - 223, 3 - 455, #4 - 63, #5 - 447, #6-324, #7-320, #8 - 333 #9 - 258, #10 - 263, #11- 34, #12 - 137, #13- 226, #14 - 353, #15 - 59, #16 - 24, #17 - 261, #18 - 424, #19 -146, #20 - 28 #21 - 62.

Q1. Is using 21 employees for a sampling frame appropriatenumber for a population of 500? Was I suppose to use a formula toget the sampling frame or was my preference acceptable?

Q2. Do I randomly select the number for employees out of the 500or is that a formula that needs to be calculated?

Q3. What considerations need to be made when defining andcollecting information from a sample?

Q4. What problems might you encounter and how frequently mightthey occur? Please advise

Answer & Explanation Solved by verified expert
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Question 1 Using 21 employees for a sampling frame is not an appropriate number for a population of 500 because as per general thumb rule we expect at least 10 of the population would be sampled for getting better results So in this scenario 10 of 500 is 50 so it is advised to use at least 50 employees in your study You can also use a    See Answer
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