Exam 2: Sampling and Data Collection
Exam 1: Introduction to Business Mathematics and Statistics10 Questions
Exam 2: Sampling and Data Collection10 Questions
Exam 3: Data and Their Accuracy10 Questions
Exam 4: Frequency Distributions and Charts10 Questions
Exam 5: General Charts and Graphs10 Questions
Exam 6: Arithmetic Mean10 Questions
Exam 7: Median10 Questions
Exam 8: Mode and Other Measures of Location10 Questions
Exam 9: Measures of Dispersion and Skewness10 Questions
Exam 10: Standard Deviation10 Questions
Exam 11: Quantiles and the Quartile Deviation10 Questions
Exam 12: Linear Functions and Graphs10 Questions
Exam 13: Regression Techniques10 Questions
Exam 14: Correlation Techniques10 Questions
Exam 15: Time Series Model10 Questions
Exam 16: Time Series Trend10 Questions
Exam 17: Seasonal Variation and Forecasting10 Questions
Exam 18: Index Relatives10 Questions
Exam 19: Composite Index Numbers10 Questions
Exam 20: Special Published Indices10 Questions
Exam 21: Interest and Depreciation10 Questions
Exam 22: Present Value and Investment Appraisal10 Questions
Exam 23: Annuities10 Questions
Exam 24: Functions and Graphs10 Questions
Exam 25: Linear Equations10 Questions
Exam 26: Quadratic and Cubic Equations10 Questions
Exam 27: Differentiation and Integration10 Questions
Exam 28: Cost, Revenue and Profit Functions10 Questions
Exam 29: Set Theory and Enumeration10 Questions
Exam 30: Introduction to Probability9 Questions
Exam 31: Conditional Probability and Expectation9 Questions
Exam 32: Combinations and Permutations10 Questions
Exam 33: Binomial and Poisson Distributions10 Questions
Exam 34: Normal Distribution10 Questions
Exam 35: Linear Inequalities10 Questions
Exam 36: Matrices10 Questions
Exam 37: Inventory Control10 Questions
Exam 38: Network Planning and Analysis10 Questions
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A large supermarket chain in Nigeria is conducting research into consumer purchasing behaviour. It has 12 regions with 30 stores on average in each region. In order to save travel time, they decide to conduct the research in 10 randomly selected stores in each of 4 regions. What type of sampling approach is this an example of?
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What term is used to describe data specifically collected to be used in a particular research study?
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Why might a researcher make use of a sample rather than try to collect information about the whole population?
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A software company wishes to improve training for its sales staff. It requires all members of the sales team to complete a survey to determine their needs. What term is used to describe this approach?
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What advantage does the use of a stratified sample have in comparison to a simple random sample?
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A researcher needs data that reflects what households choose to spend their money on. Which source of data is likely to provide the most suitable information?
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A researcher collects data on the length of time callers have to wait to have their phone call to an advice centre answered. He visits every Thursday for 6 weeks. What type of bias is he most likely to encounter?
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When deciding on the size of a sample, which is NOT an important consideration?
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Which of the following is NOT a disadvantage of using secondary data?
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