Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Simple Random Sampling
In Simple Random Sampling each possible sample has an equal chance of being selected. Further, each item in the entire population also has an equal chance of being selected.
Example A retailer of electronic goods (TVs, Stereos, Videos) wants to study her customer purchases in the city of Mumbai. For this purpose her population is all her customers in Mumbai. Their names and addresses are on the carbon copies of bills in her bill book. To do a Random Sampling of her customers she can put all the carbon copies in a box and draw out a certain number of copies after thoroughly mixing them up. The customers so picked would form a Random Sample. In a more refined manner, she can enter the bill numbers in her computer and command it to select bill number at random. The customers related to the bill numbers so selected would form a Random Sample. (If she wanted a judgemental sample she would have scrutinized the bill copies and selected certain customers whom she considered a representative sample. However, the accuracy of the estimate so made cannot be found.)
Example
A retailer of electronic goods (TVs, Stereos, Videos) wants to study her customer purchases in the city of Mumbai. For this purpose her population is all her customers in Mumbai. Their names and addresses are on the carbon copies of bills in her bill book. To do a Random Sampling of her customers she can put all the carbon copies in a box and draw out a certain number of copies after thoroughly mixing them up. The customers so picked would form a Random Sample.
In a more refined manner, she can enter the bill numbers in her computer and command it to select bill number at random. The customers related to the bill numbers so selected would form a Random Sample.
(If she wanted a judgemental sample she would have scrutinized the bill copies and selected certain customers whom she considered a representative sample. However, the accuracy of the estimate so made cannot be found.)
The PCA is amongst the oldest of the multivariate statistical methods of data reduction. It is a technique for simplifying a dataset, by reducing multidimensional datasets to lower
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
Other Measures of Dispersion In this section, we look at relatively less used measures of dispersion like fractiles, deciles, percentiles, quartiles, interquartile range and f
PCA is a linear transformation that transforms the data to a new coordinate system such that the greatest variance by any projection of the data comes to lie on the first coordinat
Modify your formulas from (1) to compute the price at time 0 of an American put option with the same contract specications in the binomial model. Report the price of the American
how can i use continuous frailty in multi state models?
Muti linear regression model problem An investigator is studying the relationship between weight (in pounds) and height (in inches) using data from a sample of 126 high school
Difference between Correlation and Regression Analysis 1. Degree and Nature of Relationship: Coefficient of correlation measures the degree of covariance between two vari
Suppose that before the minimum wage law change, the underlying mean number of part-time employees per Burger King Restaurant in New Jersey was 20.3. It was thought that the increa
QUESTION ONE. (a) The probability that, a bomber hits a target on a bombing mission is 0.70 Three bombers are sent to bomb a particular target. (i) What is the probability
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd