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Sampling is a critical technique in data analysis, especially when dealing with large datasets, as it reduces the complexity, time, and costs associated with data collection and processing. Instead of analyzing an entire population, which can be resource-intensive, a sample that represents the population well can be analyzed to make inferences about the entire dataset. Sampling also maintains data quality by ensuring that the selected subset is representative. Option B is the most accurate because it directly highlights the efficiency and cost-effectiveness of sampling without compromising the reliability of the analysis. Option A is incorrect because sampling involves selecting a subset of the population, not the entire population. Option C is incorrect as sampling applies to both structured and unstructured data, though the methods may vary. Option D is incorrect because accuracy is dependent on the quality of the sample, not the fact that only specific subsets are analyzed. Option E is incorrect because, despite advances in technology, analyzing the entire dataset can still be resource-intensive, especially with Big Data.
Which state's renowned craft of 'Chandi Tarakasi,' also known as silver filigree, has been officially recognized with a Geographical Indication (GI) tag?
Krishna River flows in which state/states of India?
Which Indian state launched the "Yuba Tripura, Natun Tripura, Atmanirbhar Tripura" initiative to encourage youth in industrial and business activi...
Which of the following is NOT correctly matched?
Who among the following served the shortest tenure as the Prime Minister of India?
Rajinder Goel is related to which sport?
Who is appointed as India’s new CIC (Chief Information Commissioner) ?
Which of the following functions cannot be performed by NBFCs?
Which of the following statements about the Mudra Yojana is NOT correct?
Which of the following statements about Arun Jaitley is/are correct?
(1) He was a member of the Akhil Bharatiya Vidyarthi Parishad (ABVP) duri...