How Should the Number of Participants Be Determined for a Qualitative

question 6

Multiple Choice

How should the number of participants be determined for a qualitative study that uses a grounded theory approach?

• A) Data are collected from new participants until no new information is generated.
• B) The number of participants needed is equal to the number available at a specific location.
• C) The number of participants needed is equal to the number available within the researcher's specified time frame.
• D) The number of participants needed is determined through a power analysis of data generated in a pilot study of similar participants.

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Definitions:

Value Foregone

The potential value lost when choosing one investment or action over another, often considered an opportunity cost.

Required Rate of Return

The minimum return an investor expects to achieve on an investment, considering the risk involved.

NPV

Net Present Value (NPV) is a financial metric used to evaluate the profitability of an investment or project, calculated as the difference between the present value of cash inflows and outflows over a period of time.

Cash Flows

The total amount of money being transferred into and out of a business, particularly in terms of income and expenses.