Determining non probability sampling

Assignment Help Accounting Basics
Reference no: EM13115566

Please read the below paragraph and explain what is meant by: non probability sampling may not be as accurate as probability sampling methods

When the analysis is a based on an entire group or in other words all of the members of the group under study then the population is in place. A sample is taken when this population is too large to measure each one of the members. Think about it from this perspective, if you were investigating McDonalds restaurants, all the McDonalds restaurants in the world would be your population but the sample would be those restaurants that you study.

Probability sampling is similar to pulling a number out of a hat. In the McDonalds scenario if data is needed from the restaurants, one way for obtaining the information would be to draw a sample for a survey based on the zip codes of the specific restaurants. This would be a probability sampling. However, in non-probability sampling the researcher could simply decide to drive to a specific McDonalds restaurant and obtain the information through the survey. Although non probability sampling is a convenient way to conduct a survey, it is not as accurate or rigorous as probability sampling methods.

Reference no: EM13115566

Questions Cloud

How many grams of sodium oxalate could you mix : If the water in your house has 1000.0 mg/L of calcium carbonate dissolved in it, How many grams of sodium oxalate could you mix with 100.0 mL of that water before a precipitate would form.
Illustrate what weight is needed to support leg horizontally : A support strap is attached to the patient's ankle 13.0 from the bottom of his foot. Illustrate what weight is needed to support the leg horizontally?
What are the advantages of electron microscopes : What are the advantages of electron microscopes as compared to light microscopes?
Explain the meaning of the category of inventory : Explain the meaning of the category of inventory and explain why it is critical to manage each element. Explain why accurate forecasting is so important to sales enhancement
Determining non probability sampling : When the analysis is a based on an entire group or in other words all of the members of the group under study then the population is in place. A sample is taken when this population is too large to measure each one of the members.
What are the physical and chemical hazards : Which precautions would you follow to preserve Bacillus subtilis and what are the physical and chemical hazards of handling Bacillus subtilis?
Explain by how much work was done by the person : The cord is then pulled from below, shortening the radius of the circle in which the block revolves to 0.10 . At this new distance, the speed of the block is observed to be 3.50. Explain by how much work was done by the person who pulled on the cor..
What is the mass of methane in the mixture : A sample mixture of CH4 and C2H6 weighing 0.732 g burned to give 2.064 g CO2. What is the mass of CH4 in the mixture.
Equilibrium point for publishing company : A small publishing company is planning to publish a new book. The production costs will include one time fixed costs(such as editing) and variable costs( such as printing).

Reviews

Write a Review

Accounting Basics Questions & Answers

  Real property or personal property

Does a mobile home owned by a client qualify as real property or personal property for each state? What difference to the client would it be if it were classified as either?

  Determine the bad debt expense

Spock Corporation's unadjusted trial balance at Dec 31, 2007, included the following accounts. Spock Corporation estimates its bad debt expense to be 1.5% of net sales.

  Question of treasury securities

Suppose that you've a short investment horizon (less than one year). You're considering two investments: a one-year Treasury security and 20-year Treasury security.

  Guidance for particular transaction

What should an accountant do if the guidance for a particular transaction or event is not specified within the FASB ASC?

  Analysis of agency

Identify a public agency - either at the local, state, or federal levels - that has undergone significant change in the last 25 years. You may choose an agency that you have had personal experience with, or you may choose a public agency that you ..

  Tax-free creation of corporation

Section 351 allows the tax-free creation of a corporation, or, rather, the tax free contribution of money or property to a corporation in exchange for stock in that corporation.

  Discretionary and nondiscretionary fiscal policy

Analyze the difference between discretionary and nondiscretionary fiscal policy. Explain the effects of discretionary and nondiscretionary fiscal policy on governmental revenue and expenditures.

  Eitf reporting implications for reporting

Assess how a company's accounting and financial reporting is likely to be impacted by the work being done by the EITF on this issue.

  Discuss reversing entries

What are reversing entries and why are they required? What would happen if reversing entries were not made? What transactions might require reversing entries? What transactions might not require reversing entries?

  Journal entries for payroll and payroll tax

Total payroll was $480,000, of which $110,000 is exempt fro mSocial Security tax because it represented amounts paid in excess of $90,000 to certain employees. Prepare the necessary journal entries if the wages and salaries paid and the employer p..

  What is the total manufacturing costs assigned to job

Weaver Company's predetermined overhead rate is $18.00 per direct labor-hourand its direct labor wage rate is $12.00 per hour.

  Cash basis-accrual basis of accounting

What is the difference between the cash basis of accounting and the accrual basis of accounting? Which one would you select for a company that has inventory and why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd