Sampling is vital in data analysis because it allows analysts to work with a manageable subset of data that still reflects the characteristics of the larger population. By selecting a representative sample, analysts can draw insights without processing the entire dataset, reducing computational complexity and resource usage. In large datasets, analyzing every data point can be impractical or even impossible due to storage or processing limitations. Sampling enables efficient data analysis by focusing on a smaller, statistically representative portion, which speeds up the analysis process and makes it more cost-effective. Option A is incorrect because sampling decreases the data volume rather than increasing it. Option B is incorrect as sampling involves selecting a subset, not including all data points. Option D is incorrect since sampling does not replace preprocessing steps like data cleaning. Option E is incorrect because while sampling can reduce bias, it does not guarantee a completely unbiased dataset.
Which of the following HRD principle focusses on development of human resources, development of organizational health, improvement of problem-solving ca...
Which of following are not one of the new guidelines issued regarding Credit Default Swaps?
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Provisioning for secured advances in doubtful category for up to one year is ______
Which of the following conditions would cause the break-even point to increase?
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Which of the following is a type of financing lease?
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Kind of value which shows concerns for others ____________.