The First Step of Sampling Is to Define the Population

question 39

Multiple Choice

The first step of sampling is to define the population.The second step is to

• A) physically select the sample
• B) mock up likely and extreme data values
• C) decide on a sample size
• D) identify the sampling frame

Determine the appropriate measure of central tendency and variability for a given dataset.

Ability to interpret stem-and-leaf displays to analyze data distribution.

Recognize the skewness and modality of data distributions through graphical representations.

Calculate basic descriptive statistics (mean, median, mode, range, standard deviation, IQR).

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Definitions:

Intensive Distribution

A strategy where a company supplies its products to as many outlets as possible to maximize coverage and sales potential.

Distribution Density

The level of availability of a product or brand in a specific geographic area, often classified into intensive, selective, or exclusive distribution.

Selective Distribution

A strategy where a product is distributed through a limited number of intermediaries in selected locations to maintain a certain level of exclusivity or image.

Exclusive Distribution

A distribution strategy where a supplier grants exclusive rights to a single wholesaler or retailer to sell their product in a specific territory.