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Please read the below paragraph and explain what is meant by: non probability sampling may not be as accurate as probability sampling methods
When the analysis is a based on an entire group or in other words all of the members of the group under study then the population is in place. A sample is taken when this population is too large to measure each one of the members. Think about it from this perspective, if you were investigating McDonalds restaurants, all the McDonalds restaurants in the world would be your population but the sample would be those restaurants that you study.
Probability sampling is similar to pulling a number out of a hat. In the McDonalds scenario if data is needed from the restaurants, one way for obtaining the information would be to draw a sample for a survey based on the zip codes of the specific restaurants. This would be a probability sampling. However, in non-probability sampling the researcher could simply decide to drive to a specific McDonalds restaurant and obtain the information through the survey. Although non probability sampling is a convenient way to conduct a survey, it is not as accurate or rigorous as probability sampling methods.
Land was given to the company by the State of Florida to use as a manufacturing facility site. The market value of the land at the time of the donation was $102,000. Prepare journal entries for Overland Company to record the above transactions
Dave Ganz started a sole proprietorship by depositing $30,000 cash in a business checking account. During the accounting period the business earned $6,000 of net income and Ganz withdrew $2,000 cash from the business.
1. From the information given, record closing entries. 2. If closing entries were not prepared at the end of the accounting period, what problems would result in the next accounting period?
For each of the following independent cases, use the equation method to compute the economic order quantity.
Should you over pay taxes throughout the year and get a refund, knowing the government does not pay interest on the overpayment? Use time value of money to explain.
Wynn, Inc. has contract to construct a large hotel for $12,000,000. The contract was signed on the month January 2, 2010 and it was expected that the hotel would be complete on the month of December 31, 2013. Under these situations, what amount of ..
As Jonah wades through huge piles of the inventory and questions the team on operations, he quickly identifies the problem. Which of the implemented methods above does Jonah contribute to stacks of inventory?
Obtain at least two years of financial information pertaining to General Motors company from its most recent annual report (10-K).
What is the expected return of this asset? What is Esperanza's expected utility? What is her certainty equivalent? Suppose that Esperanza can purchase insurance that guarantees her a return of $4900 regardless of the return on the asset.
Prepare in general journal form the entry necessary to correct the books for the transaction in part 1 of this problem, assuming that the books have not been closed for the current year. Compute the net income to be reported each year 2007 through..
General Motors Corp. is the world's largest automaker and has led the auto industry worldwide in sales since 1938. GM employs over 324,000 people worldwide, with manufacturing operations in 32 countries and sales operations in 200 countries.
Does a mobile home owned by a client qualify as real property or personal property for each state? What difference to the client would it be if it were classified as either?
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