Case Analysis - R. Claire Salinas

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Week 3 Case Analysis: Who’s Fishing? R. Claire Salinas Online MBA Program, Point University MKTG 515: Business Intelligence Dr. Thomas Javarinis November 12, 2023
Case Analysis An agency or business that has asked for help gathering data about the number of sport anglers who fish off the coast of Georgia would be wise to use sampling to gather such data. Sampling allows the researcher to collect data on a portion of the population and, based on the data collected, make inferences about the target population. In this situation, sport anglers would be the target population. Because sampling is a cost-effective, reliable, and timely manner of gathering information about the population, it would be a wise pursuit, given the scenario, to aid in the determination of the number of sports anglers who fish off the coast of Georgia. For a sample to be accurate and reliable, it must be representative of the target population. One method that could be used to gather this data would be stratified random sampling. Using this method, the researcher would divide the population into strata, based on predefined factors (ex: freshwater or saltwater fishers). Following strata determination, the researcher will randomly choose a number of people from each stratum, proportionate to the size of the strata, and conduct research to obtain information about whether they fish off the coast of Georgia. This method would allow the sample to accurately represent the target population and thus, would be my top recommendation. In addition to accuracy, it is important to consider bias. Depending on where the sample is taken from, we must account for bias. For example, if we were to select a convenience sample from those we find at a pier, we could determine that 100% of sport anglers fish at Georgia beaches. However, this would be extremely biased because of our selected sample. To avoid this, it would be wise to participate in random sampling, whether stratified sampling or simple random sampling. Another criterion we must consider is the sample size. In order for a sample to be representative of the entire population, it must be large enough to base a decision on. For example, we can’t poll two people and determine that 50% of the entire population fishes off Georgia’s coast. Our sample size must be large enough to properly represent the entire population with reliability and accuracy. Nearly any of the probability sampling methods would allow for this to be true, assuming we select a proper sample size. 1.
References Zikmund, W. G. (2012). Business research methods . South-Western.
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Types of Sampling 1. Probability sampling – every member of the population has a known, nonzero probability of selection. True randomness (simple random sample) a. Simple random sample – assures each element in the population has an equal chance of being included in the sample b. Systematic sampling – starting point is selected by a random process then every nth number on the list is selected (random number tables) c. Stratified sampling – simple random subsamples that are equal are drawn from within each stratum of the population i. Proportional – number of sampling units is in proportion to the population size of that stratum ii. Disproportional – sample size for each stratum is allocated according to analytical considerations
d. Cluster sampling – economically efficient. Primary sampling unit is a large cluster of elements e. Multistage area sampling – sampling that involves using a combo of 2 or more probability sampling techniques 2. Nonprobability sampling a. Convenience sample i. Ontain sample from those that are most conveniently available b. Judgement sampling – an experienced individual selects sample based on person judgement about appropriate characteristics of sample members c. Quota sampling – ensures various subgroups will be represented on pertinent characteristics to the exact extent that the investigator desires d. Snowball sampling – initial respondents are selected by probability methods. Additional respondents are obtained from info provided by initial respondents