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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.
Poisson Distribution The poisson Distribution was discovered by French mathematician simon denis poisson. It is a discrete probability distribution. Meaning : In bi
Consider a Cournot duopoly with two firms (firm 1 and firm 2) operating in a market with linear inverse Demand P(Q) = x Q where Q is the sum of the quantities produced by both
Apl.send me nots on hypothesis testing sk question #Minimum 100 words accepted#
.1 Modern hotels and certain establishments make use of an electronic door lock system. To open a door an electronic card is inserted into a slot. A green light indicates that the
There are situations where none of the three averages is fully satisfactory. For example, if the number of items in a series is very small, none of these av
Multivariate analysis of variance (MANOVA) is a technique to assess group differences across multiple metric dependent variables simultaneously, based on a set of categorical (non-
Use the information given below to find the P-value. Also, use a 0.05 significance level and state the conclusion about the null hypothesis (reject the null hypothesis or fail to
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