Question
Which of the following best distinguishes random
sampling from non-random sampling ?Solution
Explanation: Random sampling is a probability-based technique where each element of the population has an equal chance of being selected, ensuring that the sample is unbiased and representative. Non-random sampling, on the other hand, involves subjective criteria, such as convenience or judgment sampling, which can introduce bias. Random sampling is widely used for its statistical robustness, while non-random sampling is employed when resources or access to data are limited, but it requires careful evaluation to avoid skewed results. Option A: Random sampling does not guarantee diversity, especially in small samples. Stratified random sampling ensures diversity by design. Option B: Non-random sampling may seem efficient but can lead to inaccurate or biased outcomes, negating computational advantages. Option D: Accuracy depends on how well the sample represents the population, not on the sampling method itself. Random sampling is generally preferred for unbiased results. Option E: Sampling methods, random or non-random, do not eliminate the need for data cleaning, as errors can exist in any dataset.
What is the standard range of a CIBIL score used for individual credit evaluation in India?
Price risk is the risk of a decline in the value of a security or a portfolio. How can one transfer price risk?
The type of e-Commerce where consumer posts work online and businesses make offers is:Â
Which act primarily governs the field of general insurance in India?
An unfavourable material usage arises because of:
Which accounting treatment is appropriate for assets given on finance lease (lessee perspective) under Ind AS?
A retailer begins the month with 200 units valued at ₹50 per unit. During the month, they purchase 300 units at ₹55 and later 500 units at ₹60. By...
Depreciation starts on a machine from the date:
Provision of section 139(3) of the income Tax Act, 1961 is relating to ______.
As per Union Budget 2025-26, the Mission for Aatmanirbharta in Pulses will focus on which three pulse crops?