Statistics- The commercial banks in Region III are to be surveyed

| September 14, 2016

Question
Q1: The commercial banks in Region III are to be surveyed. Some of them are very large, with assets of more than $500 million; others are medium size, with assets between $100 million and $500 million; and the remaining banks have assets of less than $100 million. Which sampling method would you use to select a sample of these banks?

Q2: What is the difference between a sample, population and census? How do they impact a researcher in terms of collecting useful data?

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