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Explain stratified sampling in details.
Answer
Stratified sampling is a probability sampling technique that is distinguished by two-step procedure it involves. In first step population is divided into mutually exclusive and collectively exhaustive sub-populations that are known as strata. In second step, a simple random sample of elements is chosen independently from every strata or group. This approach is used when there is considerable diversity among population elements. Major aim of this technique is to reduce cost without lose in precision.
Indemnity and Insurable Value : The insurance contract is in the nature of indemnity. The literal meaning of indemnity is protection against loss or making good the loss. The obje
SMALL EXPORTER'S POLICY : The small exporter's policy is basically the standard policy. It incorporates certain improvement in terms of cover, in order to encourage small export
Write a short note on DAGMAR
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Ask 1 A Chennai based soft –drink company has proposed to launch a new variant of Soft-drink in three flavours lemon , rose , and orange priced at Rs.6 /- ,Rs.7/- Rs.8 /- in 300ml
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