Please focus on the computation part only. Number 5. What is rf? Explain how to get that part.  Explain it and show to me how to encode it in MICROSOFT EXCEL/ GOOGLE SHEETS. Please, Stop defining and start explaining thouroughly number 5 in the table.  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.

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 focus on the computation part only. Number 5. What is rf? Explain how to get that part. 

Explain it and show to me how to encode it in MICROSOFT EXCEL/ GOOGLE SHEETS.

Please, Stop defining and start explaining thouroughly number 5 in the table. 

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 kindly make your own
assumptions: Each step is identified and explained properly.
Correct
1. Define the Population from which the sample is to be drawn. The population is the 4,488
entrepreneurs.
2 Specify the population frame from which the sample will be taken. Assumption that there is a list of
the 4,488 entrepreneurs to be included in the study.
3. Choose the sampling method of selecting the samples. Since there is a list, then the sampling
method to be chosen is the Stratified Random Sampling so that the strata are also properly
represented.
4. Determine the sample size requirement for the study. Assumption, the Sloven's formula is used at 5%
Answer:
error
n = N/ (1 + Ne^2) = n = 4488 / [1 + 4488*(0.05)*2] = 4488/ [1+ (4488* 0025)] = 4488/ (1 +11.22) =
4488 / 12 22 = 367. 27 Or 368
5. Select the actual samples
EDUC ATTAIN
College
rf
BUSINESS
rf
2244
0.50 184
Food
1795
0.40 147.2 = 148
110.4 =
0.30
111
Merchandising
-128.8 =
0.35
129
High School
1346
1571
Elementary
TOTAL
898
4488
0.20 73.6 = 74 Service
1.00 368 = 369 TOTAL
1122
4488
0.25 92
1.00 368 = 369
Transcribed Image Text:REQUIRED: Apply the steps in the Sampling plan in order to select the actual samples and kindly make your own assumptions: Each step is identified and explained properly. Correct 1. Define the Population from which the sample is to be drawn. The population is the 4,488 entrepreneurs. 2 Specify the population frame from which the sample will be taken. Assumption that there is a list of the 4,488 entrepreneurs to be included in the study. 3. Choose the sampling method of selecting the samples. Since there is a list, then the sampling method to be chosen is the Stratified Random Sampling so that the strata are also properly represented. 4. Determine the sample size requirement for the study. Assumption, the Sloven's formula is used at 5% Answer: error n = N/ (1 + Ne^2) = n = 4488 / [1 + 4488*(0.05)*2] = 4488/ [1+ (4488* 0025)] = 4488/ (1 +11.22) = 4488 / 12 22 = 367. 27 Or 368 5. Select the actual samples EDUC ATTAIN College rf BUSINESS rf 2244 0.50 184 Food 1795 0.40 147.2 = 148 110.4 = 0.30 111 Merchandising -128.8 = 0.35 129 High School 1346 1571 Elementary TOTAL 898 4488 0.20 73.6 = 74 Service 1.00 368 = 369 TOTAL 1122 4488 0.25 92 1.00 368 = 369
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