The Need for Sampling
The Need for Sampling: Overview
This Topic covers sub-topics such as Census, Simple Random Sampling, Sampling Method, Quota Sampling, Gross Domestic Product, Systematic Sampling, Stratified Random Sampling, Sampling Frame, Statistical Population and, Selecting Samples
Important Questions on The Need for Sampling
Which of the following is true about sampling frame?
What is the advantage of large sample size?
List the Merits and Limitations of Quota Sampling?
List out the Applications of Systematic Sampling.
Explain the concept of Statistical Population?
Calculate the GDP using the expenditure approach.
| Transfer payments | |
| Interest Income | |
| Depreciation | |
| Wages | |
| Gross Private Investment | |
| Business Profits | |
| Indirect Business Taxes | |
| Rental Income | |
| Net Exports | |
| Net Foreign Factor Income | |
| Government Purchases | |
| Household Consumption |
Calculate the GDP using the expenditure approach.
| Transfer payments | |
| Interest Income | |
| Depreciation | |
| Wages | |
| Gross Private Investment | |
| Business Profits | |
| Indirect Business Taxes | |
| Rental Income | |
| Net Exports | |
| Net Foreign Factor Income | |
| Government Purchases | |
| Household Consumption |
Sampling is a technique adopted to select a sample.
The sampling error may be positive or negative or zero.
Systematic sampling is also called quasi random sampling.
Sample size means number of units in a sample.
