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marketing research
chpt 10
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Cards (18)
Sampling
method
Related to
representativeness
Only a probability sample (random sample) is truly representative of a population
Selection method, not sample size, determines sample
representativeness
Sample
accuracy
How close a random sample's
statistic
is to the
true population's value
it represents
Sample
size
Affects the
accuracy
of findings
Non-sampling
error
Pertains to all sources of error other than sample
selection
method and sample
size
Sampling
error
Involves
sample selection
and
sample size
Larger
probability sample
More
accurate
(less sample error)
Sample size of around 1,
000
, the margin of sample error is about +/
-3
%
Sample
error for samples higher than N=1000 decreases very slow, but the price for bigger sample very
quick
With the
lower
end of the sample size axis, large gains in accuracy can be made with a relatively small sample size
increase
Besides
the size itself, it is important to consider
Sample
Variability
Interval of
Confidence
Sample
size formula
1.
Variability
2.
Confidence
Interval
Variability
Amount of
dissimilarity
in respondents'
answers
to a particular question
As the sample size
increases
, the variability of sampling distribution
decreases
As the sample size
increases
the shape of the
sampling distribution
becomes more similar to a normal distribution
Standard
deviation
Statistic that measures the
dispersion
of a dataset relative to its
mean
Confidence
interval
Range whose endpoints define a certain
percentage
of the responses to a question
A
95% confidence interval
is a range of values that you can be
95%
certain contains the true mean of the population
Practical
Considerations
1. How to determine the
amount
of acceptable sample error
2. How to decide on the
level
of confidence to use
3. How to
balance
sample
size
with cost of data collection