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

Inference on reggression analysis, find the expected value of the mean squa...

find the expected value of the mean square error and of the mean square reggression

Question with R - Bioinformatics, Hi There, I have a question regarding R,...

Hi There, I have a question regarding R, and I am wondering if anyone can help me. Here is a code that I would like to understand: squareFunc g f(x)^2 } return(g) } sin

Regression analysis , The data used is from a statistical software Minitab;...

The data used is from a statistical software Minitab; London.MPJ is the file that consists of 1519 households drawn from 1980 - 1982 British Family Expenditure Surveys. Data that i

the six conditions are equally likely, A medical researcher has 100 bone c...

A medical researcher has 100 bone cancer patients in a study. Every patient's condition is one of six types, type \A" to type \F". The 100 patients split as follows: x There

Concepts of statistics, what are the importance, uses,optimums and applicat...

what are the importance, uses,optimums and applications of the following in agriculture field experiments; 1.standard deviation 2.standard error 3. coefficient of variation

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

Applied, Question 1 Suppose that you have 150 observations on production (...

Question 1 Suppose that you have 150 observations on production (yt) and investment (it), and you have estimated the following ADL(3,2) model: (1 – 0.5L – 0.1L2 – 0.05L3)yt = 0.7

Correlation coefficient test, 1. If you are calculating a correlation coeff...

1. If you are calculating a correlation coefficient testing the relationship between height and weight, state the null and alternative hypotheses. 2. What kind of relationship d

What is the p-value, Use the information given below to find the P-value. ...

Use the information given below to find the P-value. Also, use a 0.05 significance level and state the conclusion about the null hypothesis (reject the null hypothesis or fail to

Bernoulli''s theorem, Bernoulli's Theorem If a trial of an experiment c...

Bernoulli's Theorem If a trial of an experiment can result in success  with probability p and failure with probability q (i.e.1-p) the probability of exactly r success in n tri

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