Question

In: Accounting

Distinguish between sampling and sample (Support your answer with example)

Distinguish between sampling and sample (Support your answer with example)

Solutions

Expert Solution

Answer-In statistics, a sample is a set, a population drawn by a particular set of rules from the universe of possibilities. Sampling is the process of selecting the number and method of choosing a sample, given a hypothesis or measurement you need to make, under particular circumstances.

Sample is a part of a population on which a study is done. Samples are selected to ease analysis and save time, cost and labour rather than studying each unit of the population as in a census. The results derived from the sample is then generalized to the whole population considering the risks/errors involved. Statistics like price indices, unemployment rates and other social indices and results of scientific discoveries, quality testing in industries and many more general observations are all based on a sample.

Sampling is the procedure by which samples are selected.

For example: To determine the average height of school children in a region, it is impossible rather tiresome to measure height of each and every school child. In order to ease analysis, first a sample of schools are selected, then a sample of children from primary and secondary sections are selected.


Related Solutions

Explain the attributes sampling in Auditing ? Support your answer with a simple example showing the...
Explain the attributes sampling in Auditing ? Support your answer with a simple example showing the possibility of using sampling technique in audit process?
how would you distinguish between the legal and the commercial view of accounting. Support your answer...
how would you distinguish between the legal and the commercial view of accounting. Support your answer with an example?.
Distinguish between record sampling and MUS.  
Distinguish between record sampling and MUS.  
C- What are the differences between Merger, Consolidation, and Acquisitions? Support your answer with one example...
C- What are the differences between Merger, Consolidation, and Acquisitions? Support your answer with one example from the real world for each type.
What are the differences between Merger, Consolidation, and Acquisitions? Support your answer with one recent example...
What are the differences between Merger, Consolidation, and Acquisitions? Support your answer with one recent example from the real world for each type. (Always give detailed information that would support you answer. Any examples given dated before the year 2000 will not be considered).
Distinguish between probability and non-probability sampling, discuss their types with examples.
Distinguish between probability and non-probability sampling, discuss their types with examples.
What is the use of regression analysis (Please support your answer with suitable example)?
What is the use of regression analysis (Please support your answer with suitable example)?
Is The Stock Market Efficient? Provide reasoning and an example to support your answer for why...
Is The Stock Market Efficient? Provide reasoning and an example to support your answer for why or why not.
Explain the relationship between no family planningand malnutrition? Support your answer.
Explain the relationship between no family planning and malnutrition? Support your answer.
Distinguish between the remote and near environments. How do each support the strategic planning process? Distinguish...
Distinguish between the remote and near environments. How do each support the strategic planning process? Distinguish between the remote and near environments. How do each support the strategic planning process?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT