FIN 590 Wk 4 Discussion – Statistical Sampling

FIN 590 Wk 4 Discussion – Statistical Sampling

Non-statistical sampling is the selection of a test group that is based on the examiner’s judgment, rather than a formal statistical method. Statistical sampling means testing less than 100% of the items in the population for some characteristic and then drawing a conclusion about that characteristic for the entire population.

• Briefly discuss the advantages and disadvantages of statistical sampling.
• Briefly discuss the advantages and disadvantages of non-statistical sampling.

FIN 590 Wk 4 Discussion – Statistical Sampling

FIN 590 Wk 4 Discussion – Statistical Sampling

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