Question
Which sampling technique is most suitable when a
population has distinct subgroups that should be represented proportionally?Solution
Stratified sampling is ideal when a population includes distinct subgroups (or strata) that the analyst wants to represent proportionally. In this approach, the population is divided into strata based on shared characteristics, such as age, gender, or location. Samples are then randomly selected from each stratum in proportions that reflect the overall population composition. This method reduces sampling error and ensures that each subgroup is represented, which is critical when the characteristics of each subgroup may influence the research results, making stratified sampling especially valuable for studies aiming for diversity or representativeness. The other options are incorrect because: • Option 1 (simple random sampling) does not guarantee subgroup representation, as it draws randomly without stratification. • Option 2 (systematic sampling) may miss certain subgroups if not structured to account for strata. • Option 4 (cluster sampling) is more suited for geographic-based groupings rather than specific characteristics. • Option 5 (convenience sampling) lacks randomness and does not ensure any subgroup proportionality.
An amount becomes six times of itself in 50 years at simple interest. Find the value of (2R + 30).
Jeeva invested Rs. 30,000 at a compound interest rate of 24% per annum, compounded annually, for 2 years. After these two years, she decided to utilize ...
An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (co...
The difference between compound interest and simple interest at rate of 18% per annum for 2 years is Rs. 486. Find the simple interest obtained on same ...
Rs. 2000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 20 less than the in...
Ravi lends Rs. 5,000 to two of his friends. He gives Rs.2500 to the first at 15% p.a. simple interest. Ravi wants to make a profit of 20% on the whole. ...
Charan went to purchase an Apple i phone, the shopkeeper told him to pay 30% GST, if he asked the bill. Charan manages to get the discount of 10% on the...
The difference between compound interest and simple interest at the same rate for Rs. 2400 for 2 years is Rs. 216. The rate of interest per annum is:
The amount of a certain sum in 3 years at simple interest at x % p.a. is ₹5,472 and the amount of the same sum in 7(1/2) years at the same rate, at si...
Simica invested a certain amount of money at a simple interest rate of 12.5% per annum and earned Rs. 2,400 as interest over 3 years. If Tabu invested t...