Reducing sampling bias requires giving each population member an equal probability of being selected, a hallmark of random sampling techniques. This approach minimizes the likelihood of overrepresenting or underrepresenting certain groups within the sample, resulting in more reliable and accurate findings. By using unbiased sampling methods, analysts can ensure that the sample better reflects the population, leading to more generalizable results. Option A is incorrect because selecting the easiest data points is a form of convenience sampling, which introduces bias. Option B is incorrect as relying only on historical data may not reflect current or future trends, leading to bias. Option D is incorrect because selecting data that aligns with a hypothesis introduces confirmation bias. Option E is incorrect since samples from a single location may not represent a diverse population, leading to geographic bias.
A Micro or Small Enterprise may be said to have become Sick, if any of the borrowal account of the enterprise remains NPA for ________ months or more.
As per the recent guidelines by RBI for issuance of Share Capital by Rural Co-operative Banks, what is the limit of the outstanding amount of PNCPS and ...
The country’s retail inflation had crept above the RBI’s tolerance range in January 2022. It remained above the target range for ten months before r...
Under which of the scenarios, the investment decision between mutually exclusive proposals will differ as per NPV and IRR method?
A.Size of the t...
How many e-commerce export hubs are to be set up for MSMEs as per the Budget 2024-25?
How much stake did Life Insurance Corporation (LIC) sell in NMDC between December 2022 and March 2023?
Under Priority 2 of the Union Budget 2024-25, which of is designed to incentivize job creation in the manufacturing sector?
What will be the impact on Return on Equity if cash is paid to the creditors?
Financial statements are part of
Zurich is considered as a Niche Financial Centre. It focuses on ________.