Sampling

Aug 17th, 2013
DreamIt
Category:
Marketing
Price: $35 USD

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

(Top Tutor) Daniel C.
(997)
School: UIUC
PREMIUM TUTOR

Studypool has helped 1,244,100 students

5 Reviews


Summary
Quality
Communication
On Time
Value
ashleyisgod
Nov 24th, 2016
" Top quality work from this guy! I'll be back! "
Molly_Moon
Nov 2nd, 2016
" AMAZING as always! "
Hemapathy
Oct 10th, 2016
" all I can say is wow very fast work, great work thanks "
BlueOcean
Sep 27th, 2016
" Awesome! Exactly what I wanted. "
kevin12622
Sep 18th, 2016
" Goes above and beyond expectations ! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1824 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors