## How would you select a simple random sample of those Peaceful Valley homeowners who paid their subdivision association dues last year?

How would you select a simple random sample of those Peaceful Valley homeowners who paid their subdivision association dues last year? What, if any, sample bias might result from this approach? How could a two-step cluster sample be used here? Identify this sample method and describe how it could be used to select a representative sample of Peaceful Valley households.

Case 9.2: Jetadiah Brown wants to establish a pet store called Jet’s Pets. Jet thinks there is an opportunity on the north side of the city, because he knows that many new subdivisions have been built there and many families have since moved in. Plus, he knows there are no pet stores on the north side yet. This growth in the number of families and the lack of competitors suggests a strong business opportunity for Jet’s Pets. Jet wants to survey the approximately 20,000 families living in the two ZIP code areas that constitute his geographic target market. Of course he cannot survey all of them, so he must use a sample. For each of the following possible ways to select a sample of families living in several subdivisions in two ZIP code areas: (1) identify the type of sample method; (2) identify the sample frame; (3) indicate what, if any, sample frame error there is; and (4) indicate the degree to which the resulting sample will be representative of all families living in the two ZIP code areas.

### Explain the relevance of SSAE 18 and what does it report on.

Using an Internet web browser, search for AICPA’s Statement on Standards for Attestation Engagements (SSAE) No. 18, and perform the following: a. Explain the relevance of SSAE 18 and what….

### What is the most profitable level of output per week for the new product

ABC plc is about to launch a new product. Facilities will allow the company to produce up to 20 units per week. The marketing department has estimated that at a….

### Calculate the unit selling prices which will: (a) maximise revenue; and (b) maximise profit.

B Ltd manufactures blodgets. It has been ascertained that the market for blodgets is follows:   ● at unit price £20, no blodgets are demanded or sold; ● at unit….