What is the relative sampling fraction

Assignment Help Basic Statistics
Reference no: EM131731674

Question: The value of an inventory is to be estimated by sampling. The items are stratified by book value in the following way:

2204_Stratum.png

a. What should the relative sampling fraction in each stratum be for proportional and for optimal allocation? Ignore the finite population correction.

b. How do the variances under each type of allocation compare to each other and to the variance under simple random sampling?

Reference no: EM131731674

Questions Cloud

Difference between cyanide symptoms and carbon monoxide : Dosing schedule. Inhalation exposure to cyanide. Antidote. Difference between cyanide symptoms and carbon monoxide inhalation
Calculate irr and traditional payback period : The firm's tax rate is 35%. The discount rate is 15%. Calculate IRR and traditional payback period in addition to NPV. Generate an NPV profile
Find the optimal allocation for estimating population mean : A population consists of two strata, H and L, of sizes 100,000 and 500,000 and standard deviations 20 and 12, respectively. A stratified sample of size 100.
Explain the short-term and long-term impact of this diabetes : Explain the short-term and long-term impact of this diabetes on patients including effects of drugs treatments
What is the relative sampling fraction : What should the relative sampling fraction in each stratum be for proportional and for optimal allocation? Ignore the finite population correction.
What is the parent share of consolidated net income : What is the parent's share of consolidated net income for 2015 if Ackerman owns only 80 percent of Brannigan and the equipment transfer was upstream
What is the process capability ratio : Suppose design specification range of quality measure is 3 ± 0.1 inches. The process standard deviation is 0.05 inches. What is the process capability ratio?
Define an advanced pharmacology class : how to do that with the class being online. Do you have any suggestions that may help me correlate all the information
Determine the carrying value of this bond issue : Use this information to determine the carrying value of this bond issue after adjusting entries have been made on December 31, 2018

Reviews

Write a Review

Basic Statistics Questions & Answers

  Incidence rate of schizophrenia

The incidence rate of schizophrenia in this population is 6/100,000 persons each year. What percent of the 2,000 cases were newly diagnosed in 2003?

  Value of the test statistic

State the decision rule: (round 3 decimals)Reject H0 if t > Value of the test statistic (round 3 decimals)

  Which of preceding equations is better fit to time series

Which of the preceding equations is the better fit to the time series if the MAD criterion is used? If the MSE criterion is used?

  Use the following information to tfind the p-value

Use the following information to tfind the P-value

  Ex-slaves gave in describing the institution of slavery

Remember to explain what details and experiences these ex-slaves gave in describing the institution of slavery and the practice of slavery.

  Determine the annual break-even volume

Determine the annual break-even volume for the Retread Tire Company operation.

  Suppose that incoming calls per hour to a customer service

suppose that incoming calls per hour to a customer service center of a small credit union are uniformly distributed

  Find the power of a study if a two-sided test is used

What is the power of such a study if a two-sided test is to be used with α = .05? How many people would need to be studied to have 80% power under the assumptions in problem A?

  Please watch the following video

What holds people back from pursuing their dreams? According to the video, what qualities do successful people have?

  Problem-the mean throwing distance of a football for a marco

The mean throwing distance of a football for a Marco, a high school freshman quarterback, is 40 yards, with a standard deviation of two yards.

  Minimum number of workers needed

The famous YS Chang restaurant is open 24 hours a day. Waiters and busboys report for duty at 3am, 7am, 11am, 3pm, 7pm, or 11pm, and each works an 8 hour shift. The following table shows the minimum number of workers needed during the six periods ..

  Exponential and normal distributions

he Department of Motor Vehicles (DMV) can service customers at a rate of 20 per hour (or 1/3 per minute) when it comes to license renewals. The service time follows an exponential distribution.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd