market research firm upstate ny

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100 200 300 400 500 600 700 800 900 1000 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 9.8% 6.9% 5.7% 4.9% 4.4% 4.0% 3.7% 3.5% 3.3% 3.1% Margin of Error and Survey Completes Margin ... Number of Completes www.RMSresults.com Cost for Survey Completes (Incremental Cost = $3,000) $3,00 0 $6,00 0 $9,00 0 $12,0 00 $15,0 00 $18,0 00 $21,0 00 $24,0 00 $27,0 00 $30,0 00 $1,034 $2,500 $3,750 $6,000 $7,500 $10,000 $15,000 $15,000 Represents Incremental Cost ($3,000) Divided by Percentage Point Reduction in Margin of Error

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This is a chart explaining the trade-off between margin of error and cost of fieldwork. Research & Marketing Strategies (RMS) is a market research firm in Upstate, NY.

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Page 1: Market Research Firm Upstate NY

100 200 300 400 500 600 700 800 900 10000%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%9.8%

6.9%

5.7%

4.9%4.4%

4.0%3.7% 3.5% 3.3% 3.1%

Margin of Error and Survey Completes

Margin of Error

Number of Completes

www.RMSresults.com

Cost for Survey Completes (Incremental Cost = $3,000) $3,000 $6,000 $9,000 $12,000 $15,000 $18,000 $21,000 $24,000 $27,000 $30,000

$1,0

34

$2,5

00

$3,7

50

$6,0

00

$7,5

00

$10,

000

$15,

000

$15,

000

Represents Incremental Cost ($3,000) Divided by Percentage

Point Reduction in Margin of Error