(Solution Library) A marketing firm is analysing the weekly expenditures of households in Port Macquarie according to socioeconomic status. The number of
Question: A marketing firm is analysing the weekly expenditures of households in Port Macquarie according to socioeconomic status. The number of households according to socioeconomic status in Port Macquarie is as follows:
The marketing firm plans to randomly select \(25 \%\) of the households from each socioeconomic status to study.
- State the population of the study. (1 mark)
- Identify and explain what the variable of interest is. (1 mark)
- Explain what sampling technique is used by the marketing firm. ( 1 mark)
Deliverable: Word Document 
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[Steps Shown] At the APM College of Business and Communication
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