Assume the president of the homeowners association in Happy Valley Subdivision has decided to conduct a survey among the 6,000 homes to poll the opinions and preferences of homeowners regarding a new recreational facility to be built in the neighbourhood.Should the survey be a sample or a census of Happy Valley Subdivision homeowners? Defend your choice. Be certain to discuss any practical considerations that enter into your choice. If the president desires the survey to be accurate to ±5% and at a 95% level of confidence, what sample size should be used? Assume that the president had dedicated $2500 in the research budget for data collection. If the president is insistent that, at a minimum, the sample size be met as calculated in the question 2 above, would you recommend any of the data collection methods below? Why or why not? Justify your answer with calculations. Data Collection Method Cost/respondentPersonal Interview $15Telephone Interview $5Mail Survey $00 .50 (per mailing)

1.To find if the survey to be a sample or census of happy valley subdivision homeowners. The two…

Answered: Assume the president of the homeowners…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Assume the president of the homeowners association in Happy Valley Subdivision has decided to conduct a survey among the 6,000 homes to poll the opinions and preferences of homeowners regarding a new recreational facility to be built in the neighbourhood.

Should the survey be a sample or a census of Happy Valley Subdivision homeowners? Defend your choice. Be certain to discuss any practical considerations that enter into your choice.

If the president desires the survey to be accurate to ±5% and at a 95% level of confidence, what sample size should be used?

Assume that the president had dedicated $2500 in the research budget for data collection. If the president is insistent that, at a minimum, the sample size be met as calculated in the question 2 above, would you recommend any of the data collection methods below? Why or why not? Justify your answer with calculations.

Data Collection Method Cost/respondent

Personal Interview $15

Telephone Interview $5

Mail Survey $00 .50 (per mailing)

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