statistical techniques in business and economic statistical techniques in busine

Question

statistical techniques in business and economic statistical techniques in business and economic statistical techniques in business and economic statistical techniques in business and economic re than $100 million and those between ese groups. What is this 21) Manufacturers were subdivided into groups by volume of sales. Those with m in sales were classified as large; those from $50 to $100 million as medium si S25 and $50 million, and so on. Samples were then selected from each of th type of sampling called? A) Simple random sampling C) Cluster sampling B) Stratified random sampling D) Systematic sampling D-3

Explanation / Answer

The type of sampling method used in this example is

B) Stritified random sampling method.

In this example we have divided the Population into different non overlapping stratum or groups.

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