Q1) For this assignment you are to visualize that you are part of select marketing group. This select group has been asked to consider Colorado City Convention and Visitors Bureau survey of 25 hotels in local area. Survey is concerned with present availability of rooms. Availability of rooms was as follows:

90, 72, 75, 60, 75, 72, 84, 72, 88, 74, 105, 115, 68, 74, 80, 64, 414, 82, 48, 58, 60, 80, 48, 58, and 108.

Each person in marketing group should select sample of 10 hotels from list. In report prepared and submitted by yourself only, explain methods your imaginary group selected to choose 10 hotels. Describe the pros and cons of each sampling method. Compute average number of available rooms in one sample. Compute standard deviation of number of available rooms in that sample. Create a frequency distribution of sample mean, and plot histogram of this distribution. Use central limit theorem to compute and recognize sampling distribution of sample mean.

Questions:

i) Explain the Sampling Method

ii) Describe the Pros and Cons of each Sampling Method

iii) Compute the Average Number of Available Rooms

iv) Compute Standard Deviation of the Number of Available Rooms

v) Create Frequency Distribution of Sample Mean

vi) Compute and Identifies Sampling Distribution of Sample Mean