Random sampling method, Applied Statistics

Assignment Help:

Random Sampling Method

In this method the units are selected in such a way that every item in the whole universe has an equal chance of being included. In the words of croxton  and Cowden. Sampling   is said to be random if each possible sample had the same probability of being drawn. Simpson Kafka said, A random sample is a sample is  a where each item in the universe has an equal or known opportunity of being selected.

Thu s if the size of sample is n from a finite universe of size N. The there are possible sample .A sampling technique in which each of the sample has an equal chance of being selected is known as random sample.

Method of Random Sampling: To ensure randomness of selection one may adopt either of the following methods;

(1)   Lottery Method: Under this method all items of the population are numbered on separate  slips of paper of identical size and shape .There slips are folded and mixed up in a drum .A blind fold selection is then made of the required number of sample size, the method is common in lottery draws where a decision for the prizes is to be made.

(2)   By Rotating Drum or Machine: In  this method a machine or a drum is used, In this machine  there are some discs on which  numbers from 0 to9 are graved, The number of discs will depend upon the units  of the population. If the total numbers in the universe is up to 999   three discs are required. If the number is from 1000 to9999 four discs will be needed. For every disc there is an index sing marked on it which identifies thedigit. all the discs are rotated and left. Wherever the discs are stopped the numbers are noted. In this manner desired units are selected.

(3)   By Random  Numbers :The random numbers are usually obtained by some mechanism which, when  repeated a large numbers  of items, ensures equal frequencies for the numbers from 0 to9 and also proper frequencies for various combinations  such as 00, 01,99,000,001,999, etc. That may be expected in a random sequence of digits 0 to 9.


Related Discussions:- Random sampling method

Probability, In 120 tosses of a coin, 45 heads and 75 tails are observed. ...

In 120 tosses of a coin, 45 heads and 75 tails are observed. Is this a balanced coin? Use a=0.05. (Follow the basic steps of hypothesis testing)

Distribution of sample means, 1. Use the concepts of sampling error and z-s...

1. Use the concepts of sampling error and z-scores to explain the concept of distribution of sample means. 2. Describe the distribution of sample means shape for samples of n=36

Half of market share, Your company has developed a new product .Your compan...

Your company has developed a new product .Your company is a reputed company with 50% market share of same range of products. Your competitors also come with their new products equa

Advantages of mode, Advantages By definition, mode is the most typic...

Advantages By definition, mode is the most typical or representative value of a distribution. Hence, when we talk of modal wage, modal size of shoe or modal size of family i

Index Number of formulae, discuss the mathematical test of adequacy of inde...

discuss the mathematical test of adequacy of index number of formulae. prove algebraically that the laspeyre, paasche and fisher price index formulae satisfies this test. What is

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

Arithmetic mean, Arithmetic Mean   The process of computing Arithmetic M...

Arithmetic Mean   The process of computing Arithmetic Mean in the case of individual observations is to take the sum of the values of the variable and then divide by the number

Regression coefficient, Regression Coefficient While analysing regressi...

Regression Coefficient While analysing regression in two related series, we calculate their regression coefficients also. There are two regression coefficients like two regress

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