Why is sampling important?
Question:
Why is sampling important?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Sampling is important in various fields and contexts for several reasons CostEffectiveness Collecting data from an entire population can be timeconsum...View the full answer
Answered By
Muhammad Haroon
More than 3 years experience in teaching undergraduate and graduate level courses which includes Object Oriented Programming, Data Structures, Algorithms, Database Systems, Theory of Automata, Theory of Computation, Database Administration, Web Technologies etc.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Essentials Of Modeling And Analytics Retail Risk Management And Asset Protection
ISBN: 9780367878801
1st Edition
Authors: David B. Speights, Daniel M. Downs, Adi Raz
Question Posted:
Students also viewed these Business questions
-
Identify the process evaluation article that you chose and explain why you selected this example. Describe the purpose of the evaluation, the informants, the questions asked, and the results of the...
-
Portray in words what transforms you would have to make to your execution to some degree (a) to accomplish this and remark on the benefits and detriments of this thought.You are approached to compose...
-
Discuss each of the following topics in class, or review the topics on your own. Then write a brief but complete essay in which you summarize the main points. Please include formulas and graphs as...
-
Analyzing Revenues and Expenses and Completing an Income Statement Neighborhood Realty, Incorporated, has been operating for three years and is owned by three investors. S. Bhojraj owns 60 percent of...
-
What are the key differences between how we illustrate a contractionary fiscal policy in the basic aggregate demand and aggregate supply model and in the dynamic aggregate demand and aggregate supply...
-
You are required to network 2 buildings each 3 storeys high. The buildings are 500 meters apart. Assume that each floor hosts a department. The departments are HR, Marketing, IT, Sales, Finance and...
-
The law of a machine is W = mP + c. True or False
-
There has been a lot of discussion regarding the relationship between Scholastic Aptitude Test (SAT) scores and test-takers family income (New York Times, August 27, 2009). It is generally believed...
-
Based on your interpretation of the discussion about the 4 Eras of the US healthcare system, you will provide an opinion about whether or not you believe the US healthcare system is moving into a 5th...
-
A flight simulator is used to train pilots on how to recognize spatial disorientation. It has four degrees of freedom, and can rotate around a planetary axis as well as in yaw, pitch, and roll. The...
-
What is a parameter? What is a statistic? How are the two concepts different?
-
What is inferential statistics? How is it related to the concept of a population and a sample?
-
True or False: 1. The principle of comparative advantage can be applied to regional markets. 2. A trading area may be a locality, a region, or a nation. 3. If two nations with different opportunity...
-
Typically, cultural factors drive the differences in business etiquette encountered during international business travel. In fact, Middle Eastern cultures exhibit significant differences in business...
-
You are preparing for a business trip to Brazil, where you will need to interact extensively with local professionals. As a result, you want to collect information about the local culture and...
-
Today, a lot of discussion centers on how much economic power, political influence, and international competitiveness the Peoples Republic of China (PRC) has achieved in the international marketplace...
-
Hotel Amazing is attempting to select the best of a group of independent projects competing for the firms fixed capital budget of $5.5 million. Management recognizes that any unused portion of this...
-
Barrilla Groups CEO has made the forecast of sales as shown in the following table. The company has fixed operating costs of 1,500,000 and variable operating costs of 75% of the sales level. The...
-
Beasley Company makes three types of exercise machines. Data have been accumulated for four possible overhead drivers. Data for these four possible drivers are shown in rows 3 to 7 of the following...
-
Flicker, Inc., a closely held corporation, acquired a passive activity this year. Gross income from operations of the activity was $160,000. Operating expenses, not including depreciation, were...
-
1.Based on the information this case, what kind of career path would you expect an SMDO to have? Why? 2. How could an SMDO have an impact on a retailers cash flow? 3. How could an SMDO have an impact...
-
1. What is the proper mix of humans and technology in preventing shrinkage losses? 2. How would a small retailers theft avoidance strategy differ from that of a large strategy? Why? 3. Develop an...
-
Present a merchandising philosophy for this sporting goods retailer. Why do you think this retailer would prefer an inside buying organization, rather than an outside one? If this buyer position is...
-
1. What is Solomon Four-Group Design and where is it mostly used? 2. What are the assumptions of Solomon Four-Group Design? 3. What are the strengths and weaknesses of Solomon Four-Group Design? 4....
-
Stanley's experience at The Company illustrates several key points about workplace dynamics, management styles, and employee loyalty. Let's break down the major points, how theory helps explain the...
-
A rocket launched from earth with a rest mass of 250 000 kg moves at 2 10 8 m/s. What is the length of the rocket in earth's frame of reference, given that the rest length measured by an observer on...
Study smarter with the SolutionInn App