You are an intern, working with the statistical expert tasked with completing the study for the...

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Accounting

You are an intern, working with the statistical expert taskedwith completing the study for the bank. She is interested in yourthoughts on the project, and has asked you to write up your answersto the following questions, devoting a short paragraph to eachquestion.
  1. Identify the sampling method (Cluster, Simple Random Sample,Stratified Random Sample, Convenience, etc.) that would best ensurethat your sample would reflect the overall population of branchcustomers. Briefly explain your reasoning.

  2. If the bank’s population is comprised of 2500 local customers,how many do you think would be good to survey?

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4.4 Ratings (649 Votes)
Hey there 1 Identify the sampling method Cluster Simple Random Sample Stratified Random Sample Convenience etc that would best ensure that your sample would reflect the overall population of branch customers Briefly explain your reasoning The best sampling method would be stratified random sample which will relatively    See Answer
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