Explain and Briefly Distinguish Between Simple Random Sampling,systematic Random Sampling,stratified

question 15

Essay

Explain and briefly distinguish between simple random sampling,systematic random sampling,stratified random sampling,and cluster sampling.Which of these techniques is designed to guarantee representativeness? How?

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Definitions:

Surplus

A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to a decrease in price.

Quantity Supplied

The aggregate supply of a good or service that manufacturers intend to sell, contingent upon a particular price level within a set period.

Quantity Demanded

The complete volume of a good or service that individuals intend to acquire at a predetermined price within a set period.

Shortage

A situation in which the demand for a good or service exceeds its supply in a market.