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

Caveat, Caveat We must be careful when interpreting the meaning of asso...

Caveat We must be careful when interpreting the meaning of association. Although two variables may be associated, this association does not imply that variation in the independ

Diversity of data for the age, The box plot displays the diversity of data ...

The box plot displays the diversity of data for the age; the data ranges from 19 being the minimum value and 60 being the maximum value. The box plot is positively skewed at 0.57 a

Frailty in multi state models, how can i use continuous frailty in multi st...

how can i use continuous frailty in multi state models?

Standard deviation and variance, Explanation of standard deviation and vari...

Explanation of standard deviation and variance Describe the importance of standard deviation and variance, what they calculate and why they are required. Importance of char

Calculate the one year interest rate, A.The coupon rate of Erie-Chicago Rai...

A.The coupon rate of Erie-Chicago Rail is 7%. The interest rate of Florida municipal bond with equal risk is 6%.  At what tax rate the two bonds are as good as each other B.Supp

Descriptive Statistics, To determine the proportion of people in your town ...

To determine the proportion of people in your town who are smokers, it has been decided to poll people at one of the following local spots: (a) the pool hall; (b) the bowling alley

Median, introduction of median

introduction of median

Age at first marrage, get a questionnaire that captured age at first marria...

get a questionnaire that captured age at first marriage

Eco203, Waht is the product of £ x

Waht is the product of £ x

What are the coefficients of the linear combination, For the following ques...

For the following questions we are interested in a comparison of the 16 years education vs. > 16 years. (Recall we did the analysis on the log scale, so these are actual means on t

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