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myrzilka [38]
4 years ago
11

Louise Fulkerson is president of the Student Marketing Association at Baylor University. Louise and the otherofficers want to co

nduct a short survey to determine the type of programming they should offer for theupcoming year. Their population is defined as "students in the College of Business." One of the officerssuggests that each of them go into their classes, mostly seniors, and conduct the survey. "We can do it easilyand fast, and our professors will be glad to help the association out by giving us a few minutes to conduct thesurvey," says one of the officers. But Louise is worried about the sample. "Most of us are marketing majorsand we are all seniors taking senior classes. I would prefer to ask the Department Chairperson if we cansurvey students taking Fundamentals of Marketing because all majors have to take this course, and most ofthe future members of the Association will be coming from these Fundamentals classes." Louise is suggestingwhich one of the following sampling methods?
A) quota sample
B) purposive sample
C) stratified sample
D) representative sample
E) systematic sample
Business
1 answer:
hjlf4 years ago
4 0

Answer:

B) purposive sample

Explanation:

A purposive sample is a non-probability sample that is selected based on the characteristics of a population and the objective of the study. Purposive sampling is different from convenience sampling and is also known as judgmental, selective, or subjective sampling.

Several subtypes of purposive sampling exist:

Homogeneous Sampling: collecting a very specific set of participants. For example, age 20-24, college-educated, male.

Maximum Variation Sampling: collecting a wide range of participants with different viewpoints to study a certain phenomenon.

The main goal of purposive sampling is to focus on particular characteristics of a population that are of interest, which will best enable you to answer your research questions.

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The Chemco Company uses a highly toxic chemical in one of its manufacturing processes. It must have the product delivered by spe
alukav5142 [94]

Answer:

Annual demand (D) =7,000 gallons

Ordering cost per order (Co) = $3,600

Holding cost per item per annum (H) = $50

EOQ = √<u>2DCo</u>

               H

EOQ  = √<u>2 x 7,000 x $3,600</u>

                      $ 50

EOQ  = 1,004 units

Q  = 1,004

Total minimum inventory cost

=  Total ordering cost +  Total holding cost

=  <u>DCo </u>  + QH

      Q          2

= <u>7,000 x $3,600</u>  + <u>1,004 x $50</u>

        1,004                        2

=  $25,099.60 + $25,100

= $50,199.60  

Re-order point  

=  Maximum  usage per day x  Maximum lead time    

=   <u>7,000 gallons</u> x 10 days

      310 days  

=  226 units                                                                                                                                                                                                      

Explanation:

EOQ is a function of square root of 2 multiplied by annual demand and ordering cost per order divided by holding cost per item per annum.

Total minimum inventory cost is the aggregate of total ordering cost and total holding cost.

Re-order point is the product of maximum usage per day and        maximum lead time.

Maximum usage per day is annual demand divided by the number of working days in a year.                                                                                  

4 0
4 years ago
Len Corp. reported net sales of $300 million last year and generated a net income of $66 million. Last year’s accounts receivabl
Anna71 [15]

Answer:

$37,000,000

Explanation:

When you are preparing a statement of cash flows, you start with net income and then make all necessary adjustments that include any changes in accounts receivables.

Cash flow from operating activities:

Net income                                                $66,000,000

Adjustments to net income:

Increase in accounts receivable             <u>($29,000,000)</u>

Net cash flows from operating activities $37,000,000

5 0
3 years ago
Suppose that all 75 employees of a company received a raise of $150 per month? How would this affect the mean salary of all empl
Svetlanka [38]

Answer:

Mean Salary of all employees will be increase by $150.

Explanation:

$150 raise of all 75 employees will be averaged and result in the $150 increase in the mean of all employees salary.

Suppose:

The Sum of all Employees salary = $1,500,000

The Mean of all Employees salary = $100,000 / 75

The Mean of all Employees salary = $20,000

The Sum of all Employees salary after raise = $1,500,000 + ( 75 x 150 )

The Sum of all Employees salary after raise = $1,511,250

The Mean of all Employees salary after raise = $1,511,250 / 75

The Mean of all Employees salary after raise = $20,150

Hence Proved that Mean Salary of all employees will be increase by $150.

7 0
3 years ago
Which factors will most likely affect revenues and profits
Aliun [14]

The factors that will most likely affect revenues and profit include the number of production units, direct costs, and the production per unit.

<h3>What is revenue?</h3>

It should be noted that revenue simply means the income that a company can make based on the sales of a product.

Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. Sales or turnover are other terms used to describe commercial revenue. Some businesses make money from royalties, interest, or other fees.

In this case, the factors that will most likely affect revenues and profit include the number of production units, direct costs, and the production per unit.

Learn more about revenue in:

brainly.com/question/25623677

#SPJ1

6 0
2 years ago
How does information provided by the government influence consumer decisions? consumers prevent companies from selling products
shtirl [24]
<span>Government can definitely influence the consumer decisions by giving out certain information. So the consumers do not buy the products that are revealed to be dangerous. Sometimes this government involvement in the company business may affect the consumers like if the government takes some of the company's profit, the companies will charge higher for the consumers.</span>
8 0
3 years ago
Read 2 more answers
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