Explain Why You Are More Likely to Obtain a Representative

question 32

Essay

Explain why you are more likely to obtain a representative sample with proportionate stratified random sampling than with either stratified random sampling or simple random sampling.

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Definitions:

Fixed-price

An agreement where the price of a product or service is set and not subject to change.

Below-market Pricing

A strategy where goods or services are offered at prices lower than the prevailing market rate to attract customers.

Above-market

Refers to prices or wages that exceed the average or standard in the relevant market.