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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.
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 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
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.
