A manufacturer would like t survey users to determine the demand potential for a new power press. The new press has a capacity of 500 tons and costs $225,000. It is used for forming products from lightweight and heavy weight steel and can be used by auto mobile, construction equipment and major appliance manufacturers. Please discuss the points below:
• Identify the population and sampling frame that could be used.
• Describe how a simple random sample can be drawn using the identified sampling frame.
• Could a stratified sample be used? If so how?
• Could a cluster sample be used? If so how?
• Which sampling technique would you recommend? Why?