Topic Seven, Part 10 - Sampling Methods Flashcards

1
Q

What is Qualitative Data?

A

Collection of opinions from a consumer

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2
Q

What is Quantitative Data?

A

related to facts and numbers

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3
Q

What is Random Sampling?

A

individuals are randomly selected from a population list

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4
Q

What are the Advantages Random Sampling?

A
  • Simple
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5
Q

What are the Disadvantages Random Sampling?

A

A complete and accurate population listing

may not be practical to carry out

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6
Q

What is Cluster Sampling?

A

The population are split into separate groups. Then a random group is selected

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7
Q

What are the Advantages Cluster Sampling?

A
  • Quick and easy
  • Doesn’t need complete population information
  • Good for face-to-face surveys
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8
Q

What are the Disadvantages Cluster Sampling?

A
  • Expensive for large groups

- Greater risk of sampling error

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9
Q

What is Quota Sampling?

A

Sample that is representative of the overall population. The population is divided by important variables

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10
Q

What are the Advantages Quota Sampling?

A

Quick and easy way of obtaining a sample

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11
Q

What are the Disadvantages Quota Sampling?

A

-Not random

Need to understand the population

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12
Q

What is Convenience Sampling?

A

Uses those who are willing to volunteer

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13
Q

What are the Advantages Convenience Sampling?

A

Subjects are readily available

Gather loads of information quickly

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14
Q

What are the Disadvantages Convenience Sampling?

A

Sample is not representative of the entire population

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15
Q

What is Stratified Sampling?

A

Classifying the population in sub-groups based on well known characteristics

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16
Q

What is Standard Deviation?

A

The measure of how spread out your data is compared to the mean

17
Q

What is Market Segmentation?

A

A business splits its market into different groups with different characteristics and needs

18
Q

What are the Groups of Market Segmentation?

A
  • Age
  • Location
  • gender
  • social class
  • ethnic group
19
Q

What are the Disadvantages of Market Segmentation?

A
  • Risk alienating some customers.

- difficult to categorise behaviour