Sign In
Not register? Register Now!
Essay Available:
Pages:
1 page/≈275 words
Sources:
3 Sources
Level:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

BUS520 Business Analytics and Decision Making (Essay Sample)

Instructions:

Sampling is a major way to collect data, and there are different sampling methods.
Please identify one sampling method and discuss the sampling bias related to this method.
Also explain how the sampling bias could impact the validity and generalizability of data analysis results, as well as the business decision making.
Week 1: Provide your initial discussion post to the question. Be sure to include references to any resources you used. You should use at least one resource to help you with your initial discussion.
Alexander, H., Illowsky, B., & Dean, S. (2017). Introductory Business Statistics. Openstax. Retrieved from https://openstax(dot)org/details/books/introductory-business-statistics
For Module 1, you should read through the following material in this textbook:
Chapter 1: Sampling and Data
This chapter provides a general overview of statistics, data terminology, and sampling techniques.
Chapter 2: Descriptive Statistics
This chapter explains measures of central tendency, including mean, median, and mode. It also carefully discusses statistics that measure variation, including variance and standard deviation and covers important concepts such as skewness.
As mentioned in the overview, it is very important that you become comfortable with Microsoft Excel. This course, along with many others in the graduate program, uses Excel extensively. It is also very likely that you will use Excel in the workplace. Below are important videos that will help you get started with some of the basics.

source..
Content:


Sampling Method
Name
Institution
Sampling Method
The sampling methods selected by researchers can either be probabilistic or non-probabilistic. In probability sampling, the chances of an element being selected from the population into the sample are known, while the chances in non-probability sampling are not known (Martinez-Mesa, et al., 2016). In this paper, I will discuss the cluster sampling method, which falls under probabilistic sampling. In cluster sampling, the elements of the population are divided into groups, which are referred to as clusters, and each cluster is treated as a sample unit (Sekaran & Bougie, 2016). The clusters are then selected randomly from the population to form a representative sample. This method is effective when the population is scattered and difficult to access, either due to cost or time constraints (Rahi, 2017). Each cluster has a number of elements, which make up the cluster size.
Cluster

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Marketing Segment Analise-India Case Study
    Description: In this Performance Task Assessment, you will use the VW India Case Study to create a Market Segment Analysis that will lead to a solution to VW’s challenges based on the case....
    9 pages/≈2475 words | 15 Sources | APA | Business & Marketing | Essay |
  • Business Innovative Solutions in the Workplace
    Description: The organizations which have progressed in today's era have one thing in common that they provide room for creativity and innovation in their business operations. ...
    9 pages/≈2475 words | 17 Sources | APA | Business & Marketing | Essay |
  • BF001: Data Management for Business Success
    Description: The research question to be considered is “what influences the system wide sales of fast food restaurants in the US”? The industry’s competitive strategies are based price, convenience and even differentiation as fast food consumption has increased over decades....
    6 pages/≈1650 words | 5 Sources | APA | Business & Marketing | Essay |
HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!