Business
Business, 05.06.2020 20:00, GrainLeaf

Bid One: The Maid of the Mist union-employees of the company that operates the boats that take tourists on the Niagara River to view and experience the falls-proposes to do the interviews with tourists who are waiting for the Maid boats to return and load up. Union employees will conduct interviews with 1,000 adult American tourists (1 per family group) during a one-week period in July at $3 per completed interview. Bid Two: The Simpson Research Company, a local marketing research company, proposes to take a sample of the five largest association member hotels and conduct 200 interviews in the lobbies of these hotels with American tourists (1 per family) during the months of July and August at a cost of $5 per completed interview. Bid Three: The SUNY-Niagara Marketing Department, an academic unit in the local university, proposes to randomly select 20 hotels from all hotels in the area (not just those belonging to the Tourism Association) and to then select a proportional random sample of rooms, using room numbers, from each selected hotel based on hotel room capacities. It will interview 750 American tourists (1 per family) in their rooms during the period of June 15-September 15 at a cost of $10 per completed interview. 1. What is the sample frame in each bid?2. Identify the type of sample method and assess the representativeness of the sample with respect to American tourists visiting the Niagara Falls area.3. Evaluate the accuracy (sample error) with each bid.4. The Niagara Falls Tourism Association has budgeted $5,000 for data collection in this survey. Using information from your answers to questions 1 to 3 and further considering the total cost of data collection, which one of the proposals do you recommend that the Niagara Falls Tourist Association accept? Justify your recommendation

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Bid One: The Maid of the Mist union-employees of the company that operates the boats that take touri...

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