Continue with your mobile number
Explanation: Sampling is a critical step in data analysis, especially when dealing with large datasets. By selecting a smaller, representative subset of the population, analysts can perform computations faster and with fewer resources while retaining the integrity of the results. Effective sampling reduces data complexity and ensures that the sample mirrors the population's characteristics, enabling reliable statistical inferences. Techniques like simple random sampling or stratified sampling ensure diversity and minimize bias, maintaining the overall data quality for analysis. Option A: While sampling aids in efficient predictions, it does not involve using all available data. Sampling is about selecting a subset, not the entire dataset. Option C: Sampling does not eliminate the need for advanced techniques; it complements them by making analysis feasible for large datasets. Option D: Including all rare events is not guaranteed through sampling; specific strategies like oversampling are needed for rare-event analysis. Option E: Sampling reduces but does not eliminate bias. Proper technique selection minimizes it.
Recently which of the following international firm signed a contract with Wipro for five-year for digital transformation?
What is the purpose of the Anusandhan National Research Fund under Priority 8 of the budget?
With respect to Revenue Budget, Consider the following statement:
I. Tax revenues
II. Non-Tax revenues...
The IOC has selected _________, to host the 2022 Winter Olympics
According to Times of India report, which of the following bank will be among the world’s top 10 most valuable banks after its merger with the par...
Consider the following statement:
I. 157 new nursing college will be established under t...
As per the Economic Survey 2023-24, which of the following is NOT a flaw in the current global approach to climate change, as identified in the survey?
The banking system, which had accumulated bad debts during the period of economic resurgence after the 1991 reforms, was supported through the deregulat...
Which of the following is not covered under priority sector?
Recently which of the following telecommunication company of in India has completed a successful trial of the country’s first 5G private network a...