Sampling Homework Help

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What is sampling?

It is a procedure of statistical analysis under which a group of pre defined objects are taken from the lot of the same in order to check their characteristics based on various parameters. Sampling is also called as sorting and helps to define the quality of the lot. In business terms, an accountant performing the sampling operation finds out the accuracy of account balances in the financial statements. This article for sampling homework help defines he sampling procedure from a business point of view.

Basic principles of sampling

The following principles are followed while performing a sampling operation from time to time. They are compiled by our sampling homework help article writers in a single thread.

a. Law of statistical regularity: it states that when a number of items are chosen from a large group, their characteristics similarity confirms the same characteristics for the large group too.
b. Law of inertia of large numbers: as per this law, the larger is the size of a sample, huge is the probability to get accurate results.

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Characteristics of a sampling technique

The main concept of sampling homework help lies into its characteristics. They are

i. In expensive technique
ii. It is a time saving technique
iii. It is much reliable
iv. It is very likely to function various surveys
v. It is scientific in nature and works on statistics

Advantages of sampling

The following advantages sampling technique bears, as per our sampling homework help writers

1. It is an accurate resulting technique
2. Economical in nature
3. It is the only method to collect data from a large number of samples

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Summary