ABC Incorporated wants to find out the proportion of customers who would purchase their new product.They have decided to take a modest sample, look at the results, and then decide if more information, in the form of a larger sample, is needed.ABC is using
A)simple random sampling.
B)biased random sampling.
C)stratified sampling.
D)sequential sampling.
E)none of the above.

Question

Quizplus · Accepted Answer

Sequential sampling involves taking an initial modest sample, analyzing the results, and then deciding whether or not to continue with a larger sample. This method allows for more efficient use of resources and is appropriate when the cost of sampling is high.

ABC Incorporated Wants to Find Out the Proportion of Customers