Sampling

Anonymous
timer Asked: Aug 17th, 2013
account_balance_wallet $35

Question Description

The Nevada National Bank, headquartered in Las Vegas, has some 400,000 users of its credit card scattered throughout the state. The application forms for the credit card ask for the usual information about name, address, phone, income, education, and so on, that is typical of such applications. The bank is interested in determining if there is any relationship between the uses of the card and the socioeconomic characteristics of the user; e.g., is there a difference in the characteristics of those people who use the credit card for major purchases only (e.g., appliances) and those who use it for minor as well as major purchases?


a. Identify the population and sampling frame that would be used by the bank.

b. Indicate how you would draw a simple random sample from the sampling frame identified in part a.

c. Indicate how you would draw a stratified sample
from the sampling frame.

d. Indicate how you would draw a cluster sample
from the sampling frame.

e. Which method would be preferred? Why?


The paper must be two to three pages in length and formatted according to APA style.*

Tutor Answer

edwinExpert
School: UC Berkeley

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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