answersLogoWhite

0

Getting people to buy their products.

User Avatar

Wiki User

16y ago

What else can I help you with?

Continue Learning about Statistics

What difference between Statistical Sampling and non-statistical sampling?

Statistical sampling is an objective approach using probability to make an inference about the population. The method will determine the sample size and the selection criteria of the sample. The reliability or confidence level of this type of sampling relates to the number of times per 100 the sample will represent the larger population. Non-statistical sampling relies on judgment to determine the sampling method,the sample size,and the selection items in the sample.


What Type of sampling is used for estimating population?

statistical.


How would you define the sampling universe and why you chose this sample definition?

The sampling universe is the totatility of items/events from which you can select or sample for statistical analysis and description.


What are the advantages of sampling plans based on statistical laws and guidelines?

A) more economical B)fewer personnel needed C) Less handling


Discuss the utility of statistics as a managerial tool Also describe its limitations?

The limitation of any statistical application is the fact that it always depends on some sampling. If this sampling is incomplete, or not representative of your actual base (say customers), your data may not yield accurate conclusions. Additionally, since it depends on sampling, your measurement is only applicable to a base that fits the profile of your sampling. For instance, if you took your sampling from Caucasian males over age 35, and it turns out your customer base has a large number of African, American females under 23, your conclusions based on the statistics could be imperfect.

Related Questions

What difference between Statistical Sampling and non statistical sampling?

an approach to sampling that has the characteristics of being randomly selected and the use of probability theory to evaluate sample results. Whereas non-statistical sampling is therefore any sampling approach that does not have both of the characteristicss of statistical sampling. I hope this will help....


What is the goal of sampling?

The goal of sampling is to select a subset of individuals or observations from a larger population to make inferences about the entire group. This process aims to ensure that the sample is representative, allowing researchers to draw conclusions while minimizing bias and resource expenditure. Effective sampling can enhance the accuracy and reliability of statistical analyses and research findings.


What difference between Statistical Sampling and non-statistical sampling?

Statistical sampling is an objective approach using probability to make an inference about the population. The method will determine the sample size and the selection criteria of the sample. The reliability or confidence level of this type of sampling relates to the number of times per 100 the sample will represent the larger population. Non-statistical sampling relies on judgment to determine the sampling method,the sample size,and the selection items in the sample.


Why its is necessary to use sampling in statistical investigation?

Sampling gives good insight of the choosen sample


What Type of sampling is used for estimating population?

statistical.


What does Statistics consists of when taking it as a course?

Statistics consists of Descriptive Statistics,Probability theory,Distribution theory,Quality Control, Design of Experiments, Reliability, Operations Research, Queuing theory, Inventory control,Measure theory, Sampling theory, Statistical inference, Analysis.


What has the author Dan M Guy written?

Dan M. Guy has written: 'Wiley Practitioner's Guide to Gaas 2000' 'An introduction to statistical sampling in auditing' -- subject(s): Statistical methods, Auditing, Sampling (Statistics) 'Ethics for CPAs , Meeting Expectations In Challenging Times' 'Auditing/Study Guide' 'Practitioner's guide to audit sampling' -- subject(s): Statistical methods, Auditing, Sampling (Statistics)


What has the author Maurice S Newman written?

Maurice S. Newman has written: 'Financial accounting estimates through statistical sampling by computer' -- subject(s): Accounting, Data processing, Sampling (Statistics), Statistical methods


What has the author Herman J Loether written?

Herman J. Loether has written: 'Inferential statistics for sociologists' -- subject(s): Sampling (Statistics), Sociology, Statistical hypothesis testing, Statistical methods 'Descriptive and inferential statistics' -- subject(s): Sampling (Statistics), Sociology, Statistical hypothesis testing, Statistical methods 'Descriptive statistics for sociologists' -- subject(s): Sociology, Statistical methods


What happens if sampling theory apply to low pass signal?

state and prove sampling theory as applied to low pass signal


Auditors who prefer statistical to nonstatistical smapling believe that the principle advantage of statistical sampling flows from its unique ability to?

mathematically measured errors


Name and describe three methods of scientific statistical sampling?

Name and describe three methods of scientific statistical samplingRead more: Answers.com

Trending Questions
How heavy should a women 5'2 weight? What kind of problems can confounding variables cause? How do you find the median in fractions? What can a line graph tell you about the relationship between the variables in an experiment? What can you say about the correlation coefficient and the correlation description when the points lie exactly on vertical or horizontal line? Do picture graphs and bar graphs show you patterns over time explain? How do you create a histogram in Excel? What does a pie chart use to represent values? What is the average amount of fingers to get in? How many queens are in a pack of 52 pack of card? How many different 5 cards hands would contain exactly one ace? A tank can provide water for 50 families for 5 days How many days longeer can the same tank provide water for 20 families? What is the z-score that correspond to P15? What is 5.74 rounded to the nearest tenth? A bag contains 6 purple and 7 white marbles two marbles are drawn at random one marble is drawn and not replaced what is the probability that the fist marble is white and the second is purple? What is the meaning of upper class boundary in statistics? Why are the measures of dispersion necessary to describe a set of data? What is the experimental probability of landing on 5 if a number cube is tossed twenty times and lands on 1 two times and lands on 5 four times? What is an example of statistical abuse in the media? What does it mean to say that a data point has a residual of negative one?