Start learning 50% faster. Sign in now
Sampling is a crucial method used in data analysis because it allows analysts to infer characteristics of a larger population without the need for examining every individual data point, which would be time-consuming and expensive. By selecting a representative subset of the population, it is possible to obtain insights with a reduced cost and effort while maintaining the accuracy of the analysis. Sampling also enables quicker data processing and makes it feasible to handle large datasets that would otherwise be computationally expensive or impractical to analyze entirely. Proper sampling methods, such as simple random sampling or stratified sampling, ensure that the sample is representative, reducing the risk of bias. Why Other Options Are Incorrect: • A: While sampling may reduce errors, it does not guarantee an error-free data collection process. • B: Sampling does not eliminate redundancy but rather focuses on selecting a representative subset. • C: Sampling helps in approximating the population characteristics, but it may introduce some error, so it does not guarantee more accurate results. • E: Sampling still often requires complex statistical models to ensure that the sample is representative and that the analysis is valid.
Maharashtra Government has announced a _____ reservation for Divyang employees in promotions & has decided that this reservation will apply for those ca...
Who is set to receive the Satyajit Ray Lifetime Achievement Award at the 54th International Film Festival of India?
Identify which of the following statements is/are TRUE with respect to the data released by IRDAI in its annual report -
I. According to the In...
Evaluate the following statements concerning India's thermal coal imports in the first quarter of 2024 :
I . There was a 23 % year - on - ...
How much did China invest in the world's largest hydropower dam on the Brahmaputra River?
Which Indian poet has been elected as the corresponding member of the Academy of Letters of Brazil?
The Reserve Bank of India (RBI) has revised investment norms for commercial banks, making it more rigid as it created a new category namely – fair val...
What is the focus of the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN) approved by the Union Cabinet?
‘Ganga Mashal’ is an initiative started from which of the following states?
Where was the 2nd Session of India-Nigeria Joint Trade Committee held?