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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Sources of data
The course notes explain that:
Stratified:
If the population was 60% women, 40% men, then 60% of the sample should be women and 40% men.
Quota:
Population is 60% women and 40% men. We want to question a sample of 200. Decide on a quota of 120 women (60%) and 80 men(40%), and stop people as they appear until we have the required number.
The only difference I see is the way in which candidates are chosen (one by one until the quota is satisfied), however, in stratified sampling, it makes no reference to how the 60% and respective 40% are selected.
I’m a little confused,any help would be greatly appreciated.
In the case of stratified, they are selected at random.
In the case of quota they are chosen as they appear.
Have you watched my free lectures on this? 🙂