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Business Analytics Data Study Set 1
Quiz 7: Sampling and Sampling Distributions
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Question 1
True/False
The primary advantage of cluster sampling is sampling convenience (and possibly less cost).The downside,however,is that the inferences drawn from a cluster sample can be less accurate,for a given sample size,than for other sampling plans.
Question 2
True/False
In stratified sampling with proportional sample sizes,the proportion of each stratum selected differs from stratum to stratum.
Question 3
True/False
Cluster sampling is often less convenient and more costly than other random sampling methods.
Question 4
True/False
When we sample less than 5% of the population,the finite population correction factor; fpc =
,is used to modify the formula for the standard error of the sample mean.
Question 5
True/False
Systematic sampling is generally similar to simple random sampling in its statistical properties.
Question 6
True/False
A probability sample is a sample in which the sampling units are chosen from the population by means of a random mechanism such as a random number table.
Question 7
True/False
The difference between the point estimate and the true value of the population parameter being estimated is called the estimation error.
Question 8
True/False
The finite population correction factor is a correction for the standard error when the sample size is fairly large relative to the population size.
Question 9
True/False
Simple random sampling can result in under-representation or over-representation of certain segments of the population.This is one of several reasons that simple random samples are almost never used in real applications.