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Market Research-Sampling (Types of Sampling (Convenience sampling…
Market Research-Sampling
Definition
Sampling means getting opinions from a number of people, chosen from a specific group, in order to find out about the whole group.
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Sample Size
key factors
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The confidence level is the likelihood that the results obtained from the sample lie within a required precision
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Types of Sampling
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Convenience sampling
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Disadvantage
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The sample is not representative of the entire population, so results can't speak for them - inferences are limited. future data
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Systematic sampling
After randomly selecting a starting point from the population between 1 and *n, every nth unit is selected.
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