Describe how a simple random sample can be drawn

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Reference no: EM1396034

Q. A manufacturer would like t survey users to determine the demand potential for a new power press. The new press has a capacity of 500 tons also costs $225,000. It is used for forming products from lightweight also heavy weight steel also can be used by auto mobile, construction equipment also major appliance manufacturers. Please discuss the points below:

• Identify the population also sampling frame which could be used.

• Describe how a simple random sample can be drawn using the identified sampling frame.

• Could a stratified sample be used? If so Explain how?

• Could a cluster sample be used? If so Explain how?

• Which sampling technique would you recommend? Explain why?

Reference no: EM1396034

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