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

Ogive percentile, how do i determine the 40th percentile in an ogive graph

how do i determine the 40th percentile in an ogive graph

Simulation, Simulation When decisions are to be taken under conditions ...

Simulation When decisions are to be taken under conditions of uncertainty, simulation can be used. Simulation as a quantitative method requires the setting up of a mathematical

ANOVA, Your company operates a machine shop, and, having heard you had expe...

Your company operates a machine shop, and, having heard you had experience in statistics and design of experiments, consulted you for your opinion on an experiment they want to run

What are the hypotheses, Assume that a simple random sample has been select...

Assume that a simple random sample has been selected from a normally distribute population and test the given claim. Identify the null and alternative hypotheses, test statistic,

Canonical correlation analysis, Canonical correlation analysis (CC) allows ...

Canonical correlation analysis (CC) allows the investigation of the relationship between two ,sets of variables. For example, a sociologist may want to investigate the Relationship

Deviation measures, Deviation Measures The drawback of the range as a m...

Deviation Measures The drawback of the range as a measure of dispersion is that it takes into account the values of only two data points - the largest and the smallest. One

Statistical definition of probability, Statistical Definition of probabilit...

Statistical Definition of probability: Ques: (a) (i)  Distinguish Statistical Definition of probability from the Classical Definition.                  (ii) State the A

Testing of hypothesis, Testing of Hypothesis One objective of sampling...

Testing of Hypothesis One objective of sampling theory is Hypothesis Testing. Hypothesis testing begins by making an assumption about the population parameter. Then we gather

Business forecasting, Meaning and Definitions of Business Forecasting T...

Meaning and Definitions of Business Forecasting The problem of business  forecasting  refers to the  analysis  of the past and  present economic  conditions. With  the objectiv

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