Chemistry

What are the 4 ways that we could split market research data?

Posted 3 weeks ago

Answers (1)

Charlie Davis 3 weeks ago

Final answer: To split market research data, one could use stratified sampling, systematic sampling, convenience sampling, and stochastic sampling using random number generation. Explanation: There are four main strategies that can be used to split market research data. First, you could use stratified sampling. An example of this includes dividing a group of test subjects into groups and then randomly selecting some of those groups, as in example 14. Second, systematic sampling can be done where you sample every nth member of a population, similar to the market researcher in example 15 who polled every tenth person. The third strategy is convenience sampling. This is where researchers gather data from people that are conveniently available, like the first 50 people who walk into a sporting event in example 16. Lastly, we have random number generation that can be used to organize and select a sample from a larger population, like the computer in example 17 that generated 100 random numbers and select 100 people accordingly. Learn more about Market Research Data here: brainly.com/question/33721973 #SPJ2

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