ACCA Applied Knowledge · Management Accounting · Sampling methods
A company wants to survey its 4,000 registered customers about service quality. It holds a complete, up-to-date list of all these customers, from which names will be drawn. In sampling terminology, this list is known as the:
The list of all 4,000 registered customers is the sampling frame. It identifies every member of the population from which the sample is selected. It is not a statistic, a stratum or an error, which describe results or subgroups rather than the list itself.
- ASampling frameCorrect
- BSample statistic
- CStrata
- DSampling error
Explanation
The sampling frame is the list or other means of identifying every member of the population from which a sample is drawn. A sample statistic is a value calculated from the sample, strata are subgroups, and sampling error is the difference between sample result and population value.
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