Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Systematic Random Sampling
This method is generally used in such cases where a complete list of the population is available from which sample has to be selected.
Under this method the kth item is picked up from the sample frame and k is the sampling interval which is equal to number in:
K = Size or Number in Universe (N) /Proposed Size for a sample
Thus if 200 item are to be selected from a universe of 2,000 items the k will be 10.Now if the starting number is say 3 the kth numbers will be 13th , 23rd ,43rd,53rd ,etc. As such it is necessary to select the starting point carefully either by drawing a card from a well shuffled pack of cards or by throwing a dice or by taking out a numbers chit from a lot of 1 to 10 numbers etc.
The method although called a systematic random sampling is not necessarily a very scientific method .it is suitable when there is not much dispersion in the l universe. For example if in a housing colony very 10th house is a corner plot which is larger then. The first and if every 10th house is taken starting with 1, it will give a biased selection. Similarly, kth telephone number may have some speciality. Therefore, care should be taken to see that the systematic does not introduce any personal prejudice keeping in view the purpose of the inquiry.
practical application of standard error
Modify your formulas from (1) to compute the price at time 0 of an American put option with the same contract specications in the binomial model. Report the price of the American
The Null Hypothesis - H0: The random errors will be normally distributed The Alternative Hypothesis - H1: The random errors are not normally distributed Reject H0: when P-v
Applications of Standard Error Standard Error is used to test whether the difference between the sample statistic and the population parameter is significant or is d
The data used is from a statistical software Minitab; London.MPJ is the file that consists of 1519 households drawn from 1980 - 1982 British Family Expenditure Surveys. Data that i
Convenience Sampling It means a convenient sample is obtained by selecting convents units from the universe. Convenient sample is also known as chunk. It means a fraction of
Formation of Continuous Frequency Distribution: Continuous frequency distribution is most popular in practice. With reference to the formation of this type of frequency distr
A new weight-watching company, Weight Reducers International, advertises that those who join will lose, on the average, 10 pounds the first two weeks with a standard deviation of 2
Differentiate between data and database
A manufacturer has received complaints that aging production equipment is forcing workers to work overtime in order to meet production quotas. Historically, the average hours worke
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd