Subject: Business Statistics
The many sampling methods, including random and non-random sampling, and their further classification. learning the advantages and disadvantages of every kind of sampling strategy, as well as, if available, the mathematical formula for each sample approach.
The sample methods are divided into two categories:
Every unit of the population has a given chance of being chosen for the sample in a probability sampling. It provides a significant amount of representation.
Condition for probability sampling
Non-probability sampling is defined as sampling in which the population's units have no specific probability of being chosen for the sample.
Types of Random Sampling (Probability Sampling)
Simple Random Sampling
Every unit of the population has an equal probability of getting chosen using this methodology. As a result, simple random sampling is a technique for choosing 'n' units from a population of size 'N' units while providing each unit an equal chance of being chosen.
Procedure of Simple Random Sampling:
There are two types of simple random sampling.
Simple random sampling without replacement (SRSWOR): If an unit is selected and is not returned to the population before the next drawing, this procedure is called simple random sampling without replacement.
Simple random sampling with replacement (SRSWR): If an unit is selected, noted and returned to the population before the next drawing, the procedure is called simple random sampling with replacement.
Merits of Simple Random Sampling:
Compared to judgment or purposive sampling, it is more representative of the population.
As the sample size grows, estimations become more accurate.
Demerits of Simple Random Sampling:
It needs the most recent population list from which samples can be taken.
In comparison to stratified random sampling, it typically calls for a higher sample size.
The population may not produce accurate results if its makeup is diversified.
Stratified Sampling
When a population's characteristics are varied, stratified random sampling is employed. This sampling technique divides the population into strata, which are various classes or groups, in a way that makes the attributes of the units homogeneous within the strata and heterogeneous between the strata. Then, using a straightforward random sampling procedure, samples are taken from each stratum. As an illustration, suppose that we want to research Nepal's crop production.First, we split the entire country of Nepal into the three zones of mountain, hill, and terai so that the characteristics of crops are homogeneous within the strata but heterogeneous between the strata. Then, using a straightforward random sampling procedure, samples are taken from each stratum, possibly representing the production of crops throughout Nepal.
Merits of Stratified Sampling:
Demerits of Stratified Sampling:
Systematic Sampling
When there is a finite population, it is used. It entails creating the sample in some organized fashion by collecting materials at predetermined intervals. The units are first listed in serial order and put in either alphabetical or numerical order. Therefore, using the following relation, the sample interval is determined.
K = N/n
Where, K = sampling intervals, N=population size, n=sample size. The first sample is selected from the first interval, and then other samples are automatically selected according to pre-assigned manner.
For example; if there are 100 items and if 10 items are to be selected, therefore population size (N) = 100, sample size (n) =10, the sampling intervals (k)= N/n = 100/10 = 10
Now the available data can be arranged in the following way: 0-10, 10-20,20-30, 3040, 40-50, 50-60, 60-70, 70-80, 80-90 and 90-100.
If a first sample 7 is selected randomly by the help of lottery method, then other samples 17, 27, 37, 47, 57, 67, 77, 87, 97 are selected automatically.
Merits of Systematic Sampling:
Demerits of Systematic Sampling:
Cluster Sampling
In a cluster sample, the population is separated into distinct groups, or clusters, so that the characteristics of the units within the cluster are heterogeneous and the qualities between the dusters are homogeneous. So that there are about equal numbers of sampling units in each cluster, a cluster is then chosen as a sample using simple random sampling. Let's say, for instance, that we want to research the economic situation of residents in the Katmandu metropolitan area. First, the metropolitan area is divided into many wards with varying economic conditions within each ward and uniform economic conditions between wards. Then, a ward is chosen as a sample using a straightforward random sampling technique, allowing us to investigate the economic situation of people in the Katmandu metropolitan city.
Merits of Cluster Sampling:
Demerits of Cluster Sampling:
Multistage Sampling
This method involves performing the san..:ng operation in stages. The population is first separated into sizable groupings known as primary stage units. The second stage units are subsequently divided into third stage units, and so on, until we reach the final units of sample size. These primary stage units are then further divided into smaller groups known as second stage units. A sample of primary stage units is initially selected using any practical approach. The process is then repeated from stage to stage till we reach the final units of sample size. Next, a sample of second stage units is chosen from each of the selected primary stage units.
For instance, a VDC can be used as the primary sampling unit (PSU) in agricultural surveys to estimate the yield of a crop in a district, followed by villages as the second stage units, crop fields as the third stage units, and a plot of a specific size as the final sample unit.
Merits of Multistage Sampling:
Demerits of Multistage Sampling:
Types of Non-random Sampling (Non-probability Sampling)
Judgment Sampling
The selection of sample items in this sampling procedure is left up to the investigator's discretion. To put it another way, the investigator uses his judgment when making the selection and includes those things in the sample that he believes are most significant in relation to the qualities being studied. For instance, if we were to research the heart patients in the Katmandu Valley, we would first choose the most well-known cardiac experts there, from whom we could gather the necessary data.
Merits of Judgment Sampling:
Demerits of Judgment Sampling:
Convenience SaMpling
By choosing "convenient" population units, one can obtain a convenience sample. The chunk is another name for the convenience sampling approach. A chunk is the portion of the population under investigation that is chosen not based on probability or judgment but rather out of convenience. For instance, if someone wishes to get the public's perspective on the new fiscal policy of the Nepalese government, they can conduct interviews with several economists through phone or mobile device, depending on what is most convenient for them.
Merits of Convenience Sampling:
Demerits of Convenience Sampling:
Quota Sampling
Judgment sampling includes quota sampling. In a quota sampling, quotas are organized based on certain predetermined features within the quotas, and the selection of sample items is left up to individual discretion. For instance, in a radio listening study, the interviewers may be instructed to speak with 500 residents of a specific area, and that out of every 100 people they speak with, 60 will be housewives, 25 will be farmers, and 15 will be young children. The interviewer is able to choose who will be interviewed within these quotas.
Merits of Quota Sampling:
Demerits of Quota Sampling:
The sampling techniques are categorized into two groups:
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