Question

# When you have a large sample size with 3 variables (debt, income, and geographical region) with a range of n=200

(1, 2, 3...200), how do you find:

1. Which type of data method is best to collect the data: a simple, stratified, systematic or cluster random sampling method? Why?

3. What is the target population.

3. How do I find the standard deviation, t-value, pvalue, alpha?

4. How does I find the smallest unit of the target population to be sampled from the data set?

5. How do I find the sample size based on the target population?

6. Which one of the 4 random sampling methods best illustrates this scenario from random sampling, stratified sampling, cluster sampling, multistage sampling, and systematic random sampling. Why is that one favorable?

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