Identify the Type of Sampling Used

question 6

Multiple Choice

Identify the type of sampling used.
-A writer for an art magazine randomly selects and interviews fifty male and fifty female artists. What samplingtechnique is used?

• A) stratified
• B) simple random
• C) cluster
• D) convenience
• E) systematic

Comprehend the factors influencing sample size determination.

Knowledge about the preparation and challenges of sampling frames in the digital age.

Acknowledge ethical considerations in the sampling process.

Understand the concept of purchasing power parity (PPP) and its implications for exchange rates.

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Definitions:

Merchandising Databases

Databases specifically designed to support retail activities by storing and managing data related to inventory, sales, and customer interactions.

Dark Analytics

The analysis of unstructured and hidden data not typically used in mainstream data analytics, aiming to uncover insights that are not immediately visible.

Business Model

The method by which a company generates revenue to sustain itself.

Exclusive Lines

Products or services available for sale only through specific channels or retailers, often to maintain quality or brand prestige.