Sample survey methods:, Operation Research

Assignment Help:

Sample Survey Methods:

If proposed investigation is done  only on  a part taken  out of  universe then it  will be  known  as sample  survey. This  part of the universe is known  as sample. The result obtained by  investing a part of the universe should  also be applicable in  case of that universe. It is not essential  to investigate  the every individual item of the  universe.

By this  methods time is  saved  more  over it is economy. It is to be  noted that if  the  universe is small  sample  survey  is not  necessary  for investigation.

Advantages

Less Time: Since  sample is only  a part of the  population in sample  survey considerable time  and labor are saved. Time  is also  saved  in collection and processing  data. Since  volume of  data is  small.

Less Cost : In  sample  survey we study  only on a part of the  population and the  total  expense of collecting data  is less than that required in census methods

Accurate Information : In sampling we can get more  accurate information.

Reliable Results : Few statistical  errors that might occur can be minimized as the data  collected and processed is relatively small. Presence of sampling errors can be  estimated and controlled with  great precision

Economical  Methods : If complete enquiry  is not  necessary for any investigation then it  would be simply a wastage to make the complete enumeration. In  that case sampling is to be done.

Scientific : If  population  is based  on hypothesis  as in the  case of tossing  a coin or throwing a dice for  any number of times sampling is the  only scientific  methods of estimating the  character  of  population.

Disadvantage

If the  sample is not  draw  properly the results  thus  obtained  may be  files  inaccurate and  misleading

Chances of sampling errors  are great. The investigators personal  bias regarding  the choice of  techniques  and drawings of sample may lead to opposite result.

The size of sample  may not be  sufficient  to representative of the universe.

If the universe is small sample survey is unnecessary.

In absence  of qualified and trained investigators results obtained  from  sample  survey not be accepted.

 


Related Discussions:- Sample survey methods:

Purchasing power of customers, This is determined by disposable personal ...

This is determined by disposable personal income( personal income minus direct taxes and other deductions ). Some people suggest the use of discretionary income in place of

Functions and objects of statistical average , Normal 0 false...

Normal 0 false false false EN-IN X-NONE X-NONE

Operation research, Operations research is used by manager in making busine...

Operations research is used by manager in making business decisions. What are five each of its merit and demerit that the users need to be aware of?

LINEAR PROGRAMMING, b. A paper mill produces two grades of paper viz., X an...

b. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pape

Macroeconomic environment in which the business operates, Provide a descrip...

Provide a description of the macroeconomic environment in which the business operates noting: a) The overall 'stability' of the political system/government of the country in whi

Inventory control research, Given an inventory system where Yearly demand ...

Given an inventory system where Yearly demand = 120 units Ordering cost = Sh. 45 Price per unit = Sh. 200 Annual carrying cost = 24% of the unit cost Determine The economic or

Simplex method, Maximize Z =3x+4x subject to x1+x2 =3 2x1+3x2 =4 x1,x2 =0

Maximize Z =3x+4x subject to x1+x2 =3 2x1+3x2 =4 x1,x2 =0

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