Briefly describe what is meant by "two-phase sampling," and discuss its advantages and disadvantages

What will be an ideal response?

In many investigations the population is not surveyed in a single step. Rather, it is often convenient to carry out an initial pilot study in which a relatively small proportion of the sample members are contacted. The results obtained are then analyzed prior to conducting the bulk of the survey. This approach is known as two-phase sampling.
The main disadvantage of such a procedure is that it can be quite time consuming. However, this factor may be outweighed by several advantages. One important benefit is that the investigator is able, at modest cost, to try out the proposed questionnaire in order to ensure that the various questions can be thoroughly understood. The pilot study may also suggest additional questions whose potential importance had previously been overlooked. Moreover, this study should also provide an estimate of the likely rate of nonresponse. Should this prove unacceptably high, some modification in the method of soliciting responses might appear desirable.
This approach has two further advantages. First, if stratified random sampling is employed, the pilot study can be used to provide estimates of the individual stratum variances. These, in turn, can be employed to estimate the optimum allocation of the sample among the various strata. Second, the results of the pilot study can be used to estimate the number of observations needed to obtain estimators of population parameters with a specified level of precision.

Business

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Damages that are awarded by a court to punish a wrongdoer are referred to as:

A. compensatory damages B. liquidated damages C. punitive damages D. nominal damages

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What is the production time constraint?

Ashley's manufactures home furnishings for department stores. Planning is underway for the production of the following items during the next production period: Quilts (x1) Blinds (x2) Pillows (x3) Fabric required (yards) (d1) 7 4 9 Time required (hours) (d2) 1.5 2 0.5 Packaging material (ounces) (d3) 3 2 1 Profit (d4) 12 10 8 Ashley has 3000 yards of material in stock for this production period. Five hundred hours of production time are scheduled and 400 ounces of packaging material is available. Each of these quantities can be adjusted through overtime or extra purchases. Ashley's highest priority is to achieve a profit of $3200. Her second priority is to avoid additional purchases of packaging material. Third, she wants to use all of the scheduled production hours, and fourth, minimize any fabric remaining from the 3000 yards. Note that the deviational variables associated with each item are given in the table.

Business