On The Comparison of Some Methods of Allocation in Stratified Random Sampling for Skewed Population (Published)
A study to evaluate and compare some methods of allocation in stratified random sampling suitable for the estimation of population total of a skewed population was carried out in this paper. We looked at three methods of allocation in the above scheme namely; Optimum allocation, N-proportional allocation, and variable (X) proportional allocation methods. We investigate the condition under which one method of allocation is better than the other using three sets of real life data on staff and student enrolment, collected from the record of the Teaching Service Commission (TESCOM) Oyo State Nigeria. The third set of data is on Income and expenditure of Industrial and General Insurance (IGI) Plc. We found out that optimum allocation is the least and the best despite variation observed in the sizes of nh within the strata.
Venture Capitalization and Wealth Allocation: The Experience of Piggery Entrepreneurs in Abia State, Nigeria (Published)
This research work analysed venture capitalization and wealth allocation, the experience of piggery entrepreneurs in Abia State, Nigeria. The specific objectives analysed included the examination of the socio-economic characteristics of piggery entrepreneurs; source of venture capital, analyses of entrepreneurвЂ™s wealth status, estimation of the factors affecting wealth allocation, analysis of the determinants of venture capital and also, to ascertain the relationship between wealth allocation and venture capitalization of piggery entrepreneurs. Data collections were carried out through a simple random sampling technique and forty (40) piggery operators were chosen from the sample frame. The means of information sourcing was via well-structured questionnaire and oral interview. The analytical techniques were achieved via descriptive statistics, correlation modelling and multiple regression. The result obtained showed that majority of the piggery entrepreneurs were young, married and had household size ranging from 6-10 person with business experience of 11-20 years. Source of venture capital was mainly formal source. Firm size, access to credit value of stock and amount of equity shares were significant factors affecting wealth allocation. The major determinants of venture capitalization included personal savings, value of assets and availability of financial institution issuing the venture capital. There was a strong positive relationship between wealth allocation and venture capitalization. Entrepreneurs wealth status is high relevant in venture capitalization. Thus, it is recommended that piggery entrepreneurs should give attention to attention to building up adequate personal savings, enhance stock value and a strengthened linkage with capable financial institutions, with the essence that these would imbue better wealth allocation and venture capitalization capacity.