Explore BrainMass
Share

Definition of sampling distributions and relation to marketing

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

What are sampling distributions? How do they assist in marketing?

© BrainMass Inc. brainmass.com October 24, 2018, 8:03 pm ad1c9bdddf
https://brainmass.com/statistics/sampling-distribution/definition-of-sampling-distributions-and-relation-to-marketing-86679

Solution Preview

The sampling distribution describes probabilities associated with a statistic when a random sample is drawn from a population. Derivation of the sampling distribution is the first step in calculating a confidence interval or carrying out a hypothesis test for a parameter.

This is necessary for marketing because research is usually done in order to make decisions. It is impossible to poll everyone who would use a particular product. It would be very expensive, very time consuming and a waste of time. Therefore, marketers would poll only a smaller sample from the ...

Solution Summary

The solution provides an explanation of sampling distributions and their relationship to marketing.

$2.19
See Also This Related BrainMass Solution

Public Relations, Definitions and Examples

Why is it difficult to define PR? Explain your answer. What are some examples of PR that you have seen being used in a telecommunications organization or that you have seen as a member of the public?

View Full Posting Details