Explain stratified sampling in details, Marketing Research

Assignment Help:

Explain stratified sampling in details.

Answer

Stratified sampling is a probability sampling technique that is distinguished by two-step procedure it involves. In first step population is divided into mutually exclusive and collectively exhaustive sub-populations that are known as strata. In second step, a simple random sample of elements is chosen independently from every strata or group. This approach is used when there is considerable diversity among population elements. Major aim of this technique is to reduce cost without lose in precision.

 


Related Discussions:- Explain stratified sampling in details

Nature of cargo insurance policy, NATURE OF CARGO INSURANCE POLICY ...

NATURE OF CARGO INSURANCE POLICY A marine or cargo insurance policy has an international character and, therefore, a policy taken in one country is acceptable in other coun

Price changes, what will be the reaction of a buyer about this price change...

what will be the reaction of a buyer about this price changes?

Strike perils, Strike Perils : In marine insurance, strike perils mean eve...

Strike Perils : In marine insurance, strike perils mean events which lead to loss or damage to cargo caused by: i) Strikes, lock-out workmen or persons taking part in labour di

Consumer behavior, prepare a list of five products by your family.indicate ...

prepare a list of five products by your family.indicate who is the information gatherer, the influencer, the decision maker, the purchaser and the user

War perils, War Perils: War perils covered by the Institute War Clauses re...

War Perils: War perils covered by the Institute War Clauses refer to following events: i) War, civil war, revolution, rebellion, insurrection or civil strike or any hostile act

Procedure for making a claim, PROCEDURE FOR MAKING A CLAIM : A claim will ...

PROCEDURE FOR MAKING A CLAIM : A claim will arise when any of the risks insured under the policy materialises. If an overseas buyer goes insolvent, the exporter becomes eligible f

Explain engel-kollat-blackwell model, Explain Engel-Kollat-Blackwell Model ...

Explain Engel-Kollat-Blackwell Model Variables grouped into following categories a) Stimulus inputs b) Information processing c) Decision process and d) Variables

Marketing inteligence, Evaluate the relationship between brand loyalty, cor...

Evaluate the relationship between brand loyalty, corporate image and repeat purchase

Write Your Message!

Captcha
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