Business Essay examples

Non-Probability Sample - is a process when samples are gathered in a way where everyone do not have an equal chance to be selected. . I am going to sit in the lobby of the dormitories, A. A. Branch, Renner, Berkshire, and New Women, to pass out surveys to the first 20 students in each dorm that pass by and voluntary want to take it.

added to the limitations of the method. It could be argued that random sampling would provide a

The provision and use of personal protective equipment could include using gloves, glasses, earmuffs, aprons, safety footwear, dust masks.

Confidentiality at workplace is important because it shows that there is trust between yourself and your colleagues. At the beginning of your employment you will sign a contract of confidentiality to make sure what is said in the office doesn’t leave the office. Also it is part of the database protection act. The benefits of confidentiality are that you know whatever is said within the office environment treated with the strictest confidence and also it means you are able to have a level of trust within the office and also with your colleague.

A business wants to estimate the true mean annual income of its customers.  It randomly samples 220 of its customers.  The mean annual income was $61,400 with a standard deviation of $2,200.  Find a 95% confidence interval for the true mean annual income of the business’ customers.

3) Describe in your own words (do not directly quote any source) the difference between the distribution of a sample and the sampling distribution. Use an example in which the original population has a binomial distribution. You will probably use concepts from the book or another source, so be sure to cite any concepts that come from such sources (even if you paraphrase).

According to Schutt (2008), sampling is defined as a subset of population used in a study to be a representation of the population as a whole. My final project is a pre-hire assessment which analyzes potential risky pattern behaviors and emotions in the work place. One of the most important considerations related to sampling that will need to be addressed in my final project is defining the population that will be taking the assessment.

Explain the importance of random sampling. What problems/limitations could prevent a truly random sampling and how can they be prevented?

21. What is sampling error? Could the value of the sampling error be zero? If it were zero, what would this mean?

Some questions in Part A require that you access data from Statistics for People Who (Think They) Hate Statistics. This data is available through the Student Textbook Resources link.

f) The name of each contestant is written on a separate card, and the cards are placed in a bag with three names being picked from the bag. What type of sample is this and why? Each member of the contestant population has an equal chance of being picked from the bag (Bennett, Briggis, & Triola, 2009). This is a simple random sampling.

21. What is sampling error? Could the value of the sampling error be zero? If it were zero, what would this mean?

-The sampling distribution is a distribution of the results if all possible samples are selected, where as a population distribution is the distribution of a particular variable of interest.

According to Hair et al. (2003), in the research, the sampling process enables identifying, developing and understanding an interested object that need to be determined (p.333). Hence, in order for the researcher to carry out the sampling appropriately, advantages and disadvantages of the various sampling methods should be considered along with the theoretical component of the study (Hair et al. 2003, p. 368 f). Theoretically, the sampling procedure is divided into two major types which consist of probability and nonprobability sampling. In probability sampling, individuals have a known chance of being selected. While, in non-probability sampling, individuals do not have a known possibility to be selected (Sekaran 2003, p. 269 f). Also, the different sampling methods provide different advantages and disadvantages. Hence, the researcher should consider this point before choosing the sampling method for the

Starting a business is the latest trend. Just take a look at Instagram. Several profiles have the caption ‘Entrepreneur’. At this very moment, there is someone, somewhere working on an idea, a business plan or launching a startup. Entrepreneurship is on the rise like never before. The flexibility and independence that comes with being one’s own boss is attractive and worth taking the leap in starting a business. However, most people don’t know that being an entrepreneur is a grueling journey that can be very lonely and stressful at times. According to the Small Business Administration (SBA), 50% of businesses fail during the first year. Starting a business can be a scary task, but the