Explain the Difference Between Stratified and Cluster Sampling

question 2

Essay

Explain the difference between stratified and cluster sampling.

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.

Rising Incomes

An economic condition where individuals or populations experience an increase in their disposable income, often leading to changes in spending habits and economic growth.

Cost of Lumber

The expense associated with purchasing wood used for construction and manufacturing, which can vary based on supply and demand.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various price levels at a given point in time.