Questions
MKTG 202 Graded In-session Quiz for Module 3
Single choice
According to the census-sample comparative table, which scenario would MOST favour using a sample over a census?
Options
A.Low cost of sampling error and small population size
B.Small budget, short time available, and large population size
C.High cost of nonsampling errors and small variance in characteristics
D.Large budget, long time available, and small population size
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Step-by-Step Analysis
When evaluating when to use a sample instead of a full census in a census-sample comparative context, several practical factors come into play.
Option 1: 'Low cost of sampling error and small population size' claims that sampling is advantageous due to low sampling error costs and a small population. In reality, small populations are often feasible to census, and the primary cost advantage of sampling escalates with large populations rather than small ones. This ......Login to view full explanationLog in for full answers
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