Please do STEP 1 only. STEPS IN THE SAMPLING PROCESS: Define the population from which the sample is to be Specify the population frame from which the sample will be taken. Choose the sampling methods on selecting Determine the sample size requirement for the Select the actual Bases on above steps, assuming that a study on risk management practices is to be conducted among 4,488 entrepreneurs wherein 2,244 are college graduates, 1,346 are high school graduates and the remaining 898 are elementary graduates. Furthermore 1,795 of them are into food business, 1,571 are into merchandising or trading business and the others 1,122 are into services business. REQUIRED: Apply the steps in the Sampling plan in order to select the actual samples and  make your own assumptions: Each step is identified and explained properly.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.4: Collecting Data
Problem 6E
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Please do STEP 1 only.

STEPS IN THE SAMPLING PROCESS:

  1. Define the population from which the sample is to be
  2. Specify the population frame from which the sample will be taken.
  3. Choose the sampling methods on selecting
  4. Determine the sample size requirement for the
  5. Select the actual

Bases on above steps, assuming that a study on risk management practices is to be conducted among 4,488 entrepreneurs wherein 2,244 are college graduates, 1,346 are high school graduates and the remaining 898 are elementary graduates.
Furthermore 1,795 of them are into food business, 1,571 are into merchandising or trading business and the others 1,122 are into services business.

REQUIRED: Apply the steps in the Sampling plan in order to select the actual samples and  make your own assumptions: Each step is identified and explained properly.

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