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IIBA CBDA Exam - Topic 4 Question 55 Discussion

A research marketer is interested in collecting information about the spending habits of families in North America. Concerned about the volume of data required to conduct the research, they choose to use sampling. The dataset is sourced using all credit card transactions from a leading North American credit card company for Quarter 1 of the prior year. The sample used is:
D) Biased
A) Statistically representative
B) Not relevant
C) Too large to be helpful

IIBA CBDA Exam - Topic 4 Question 55 Discussion

Actual exam question for IIBA's CBDA exam
Question #: 55
Topic #: 4
[All CBDA Questions]

A research marketer is interested in collecting information about the spending habits of families in North Americ

a. Concerned about the volume of data required to conduct the research, they choose to use sampling. The dataset is sourced using all credit card transactions from a leading North American credit card company for Quarter 1 of the prior year. The sample used is:

Show Suggested Answer Hide Answer
Suggested Answer: D

The sample used in this case is biased, meaning that it is not representative of the population of interest. The population of interest is the families in North America, but the sample is drawn from only one source of data: the credit card transactions from a leading North American credit card company. This sample excludes the families who do not use credit cards, or who use other credit card companies, or who use other payment methods. Therefore, the sample is not random or fair, and it may introduce sampling bias into the research results12 Reference: 1: Sampling Methods | Types, Techniques & Examples 2: Sampling Bias - an overview | ScienceDirect Topics


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Veronika
3 days ago
Totally agree, it’s a good sample size!
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Gerardo
8 days ago
I think it’s too large to be helpful, hard to analyze all that!
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Kristel
13 days ago
Not relevant, they’re only looking at one company’s data.
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Nadine
18 days ago
A) Statistically representative for sure!
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Rosita
24 days ago
I think the sample might not be relevant since it only reflects one company's customers, but I need to double-check what makes a sample representative.
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Jerry
29 days ago
I feel like using only one credit card company's transactions could introduce bias, but I can't recall the exact definition of biased sampling.
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Ashanti
1 month ago
This reminds me of a practice question where we analyzed sample sizes. I think if the sample is too large, it could lead to issues, but I'm not sure how that applies here.
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Lyla
1 month ago
I remember discussing sampling methods in class, but I'm not sure if using just one company's data makes it statistically representative.
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