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It increases the accuracy of the estimation and reduces the associated error range.

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Q: Why is it good to have a high sample size?
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Related questions

What sample size is sufficient for stat?

A sample size of one is sufficient to enable you to calculate a statistic.The sample size required for a "good" statistical estimate will depend on the variability of the characteristic being studied as well as the accuracy required in the result. A rare characteristic will require a large sample. A high degree of accuracy will also require a large sample.


What happens to the sample mean as the sample size increases?

With a good sample, the sample mean gets closer to the population mean.


What is a good statistical sample size percentage?

+or- 5%


Can increasing sample size reduce random error?

Random error and sample size have an inverse relationship...As sample size INCREASES random error DECREASES. There's a good explanation at the related link.


What is absolute sample size?

It is the number of elements in the sample. By contrast, the relative sample size is the absolute sample size divided by the population size.


What is the difference between sample and sample size?

a sample is a sample sized piece given... a sample size is the amount given in one sample


What are the four steps to design a good sample?

The FOUR steps to follow in order to design a good sample are: I. Determination of the data to be collected or described II. Determination of the population to be sampled III. Choosing the type of sample IV. Deciding on the sample size


What is the difference between sample size and sample unit?

sample size is the specific size of a thing like the how long or wide. while sample unit is the whole thing not referring to specific number size.


What is the sample size definition?

Sample size is the number of samples arawn from a population. If you drew 20 samples, your sample size would be 20.


Is a good way to increase a confidence interval is to increase the sample size?

No, the opposite is true.


Factors to consider in determining sample size?

Factors that determine sample size


Will margins of error for sample of size 80 be larger or smaller than those for sample size of 40?

They should be smaller for the sample size 80.