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This type of sampling is also known as chance sampling or probability where each and every item in the population has an equal change of inclusion in the sample and one of the possible samples in case of finite universe has the same probability of beings selected. In case of infinite population the selection of each item in a random sample is controlled by the same probability and that successive selection are independent of one another.
Consider a person who repeatedly plays a game of chance (gambling)with two results possible (win or lose) with a probability p = 0, 3 to win. If the person has bet x amount and if
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1. What size sample will be needed to construct a 95% confidence interval on a ballot issue if the estimate must be 2% of the actual percent. This issue looks very close in the el
Definition of budget control as management of costs & expenses with examples. Budget control is the management of costs & expenses in accordance with an underlying budget.
College administrators across the country have become very concerned after noticing an increase in the number of deaths in college students from binge drinking. Several psychologi
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Budgeted accounts Accounts that are theme to the misappropriation or sometimes to appropriation and/or allotment process. Refer to APPROPRIATION and portion.
The manager of a large industrial plant is interested in investigating whether age has an effect on the leadership ability of employees. 66 employees were randomly selected, divide
What are the major advantages of the Single Entry System? Ans. A Single Entry system is considered to be the most simplest method to record the financial transaction, only cash bo
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