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Given a certain population there are various ways in which a sample may be drawn from it. The chart below illustrates this point:
Figure 1
In Judgemental Sampling the sample is selected according to the judgement of the investigators or experts. Hence, there is a certain degree of subjectivity in the selection.
For example, the population under study may be people living in rented accommodation in Hyderabad. The investigator may choose as a sample, a certain number of his friends in Hyderabad living in rented accommodation. He may exercise all care in attempting to make the sample representative of the population.
But we cannot use Statistical Theory to find out how good the results of such a sampling are. Hence, we will concern ourselves mainly with Random Sampling, where every element of the population has a known chance of being included in the sample.
Chebychev inequality
Variance The term variance was used to describe the square of the standard deviation by R.A.Fisher. The concept of variance is highly important in areas where it is possible to
Waht is the product of £ x
Review the Learning Resources and the media programs related to t tests. For additional support, review the Skill Builder: Research Design and Statistical Design and the Skill Buil
You are attempting to purchase a part from a specialty vendor. Your company requires a C p of at least 1.67 on a critical dimension of the part. The dimensional specific
Frequency distribution A frequency distribution is a series where a number of items with similar values are put in separate groups or bunches. In other words a frequency distri
Exercise: (Binomial and Continuous Model.) Consider a binomial model of a risky asset with the parameters r = 0:06, u = 0:059, d = 0:0562, S0 = 100, T = 1, 4t = 1=12. Note that u
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how to determine GRR?
Circles or Pie Diagram: Circles or pie diagrams are alternative to squares. These are used for the same purpose i.e. when the values are differing widely in their magnitude
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