Advantages of sampling, Applied Statistics

Assignment Help:

 

Advantages of Sampling

Why should we settle on a sample instead of studying the entire population?  Sampling has the following advantages over a census (study of the entire population):

1. The population may be  too large  to be studied in full.

For example, a manufacturer of wrist watches may find it impossible to locate all the buyers and obtain their opinions about the product. Instead, the manufacturer may ask the watch retailers to provide the buyers with a response form so that they can fill in their opinions and mail it to the manufacturer. Every buyer is not likely to respond, but those who do, may be treated as a sample from the population of all buyers.A study of a sample is usually cheaper than a study of the population.

2. Sampling usually provides information quicker than a census so that timely decisions can be taken.

3. Sampling involves less work as compared with a census. Hence, the chances of errors while processing the data are less.

4. In destructive testing sampling is the only available course.

For example, if a manufacturer wants to find out the average life of the pencil cell batteries manufactured by his plant, one way to do is to operate each cell until its life is over and record the life duration so that the average life may be computed. However, if every cell is used up this way, the manufacturer will not have any cells for customers. Hence, sampling is the way to determine average cell life in such a case.

5. Testing the entire population may not be possible. For example, if a manufacturer develops a possible remedy for the common cold, all those suffering from this ailment may not be willing to try the remedy. Hence, sampling is the only alternative.


Related Discussions:- Advantages of sampling

Statistical inquiry, Main stages of Statistical Inquiry The following a...

Main stages of Statistical Inquiry The following are the various stages of a statistical inquiry (1)   Planning the Inquiry: First of all we have to assess the problem und

Different analyses of recurrent events data, Different analyses of recurren...

Different analyses of recurrent events data: The bladder cancer data listed in Wei, Lin, and Weissfeld (1989) is used in Example 54.8/49.8 of SAS to  illustrate different anal

Binomial distribution, Binomial Distribution Binomial distribution  was...

Binomial Distribution Binomial distribution  was discovered by swiss mathematician James  Bernonulli, so this distribution is called as Bernoulli distribution also, this is a d

Assumptions in regression, Assumptions in Regression To understand the...

Assumptions in Regression To understand the properties underlying the regression line, let us go back to the example of model exam and main exam. Now we can find an estimate o

Simple linear regression, For each of the following situations choose the s...

For each of the following situations choose the statistical model that you find to be the most appropriate. Justify your choice. a) We are interested in assessing the effects of

Its a portfolio assignment, i m doing MBA in singapore and i want a good wo...

i m doing MBA in singapore and i want a good work. i want a data for 200 observations and then answers for some questions. and i need the data to be approved by our professor first

Interpolation and extrapolation, Meaning of Interpolation and Extrapolation...

Meaning of Interpolation and Extrapolation Interpolation is a method of estimating the most probable  missing figure on  the basis of given data under certain assumptions. On t

Evaluation tracking system, BCBSRI was able to reduce MSD related Workers C...

BCBSRI was able to reduce MSD related Workers Compensation cases with lost workdays by implementing a New Ergonomic Program in March 2000 and increasing workstation evaluations. Ex

Good measure of quality, Education seems to be a very difficult field in wh...

Education seems to be a very difficult field in which to use quality methods. One possible outcome measures for colleges is the graduation rate (the percentage of the students matr

Write Your Message!

Captcha
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