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Athul Marketing Assignment
Introduction
The way in which we select a sample of individuals to be research
participants is critical. How we select
Submitted To
Submitted BY
Bose Tom
Athul R
Associative professor
S2 MBA Batch B
(Management Studies)
Mangalam College of Engineering Mangalam college of
Engineering
Submitted On:19-06-2021
Sampling design
A sample design is made up of two elements. Random sampling from a finite
population refers to that method of sample selection which gives each
possible sample combination an equal probability of being picked up and each
item in the entire population to have an equal chance of being included in the
sample. This applies to sampling without replacement i.e., once an item is
selected for the sample, it cannot appear in the sample again (Sampling with
replacement is used less frequently in which procedure the element selected
for the sample is returned to the population before the next element is
selected. In such a situation the same element could appear twice in the same
sample before the second element is chosen). In brief, the implications of
random sampling (or simple random sampling) are:
It gives each element in the population an equal probability of getting
into the sample; and all choices are independent of one another.
It gives each possible sample combination an equal probability of
being chosen.
Keeping this in view we can define a simple random sample (or simply a
random sample) from a finite population as a sample which is chosen in such a
way that each of the NCn possible samples has the same probability, 1/NCn,
of being selected. To make it more clear we take a certain finite population
consisting of six elements (say a, b, c, d, e, f ) i.e., N = 6. Suppose that we want
to take a sample of size n = 3 from it. Then there are 6C3 = 20 possible distinct
samples of the required size, and they consist of the
elements abc, abd, abe, abf, acd, ace, acf, ade, adf, aef, bcd, bce, bcf, bde, bdf,
bef, cde, cdf, cef, and def. If we choose one of these samples in such a way
that each has the probability 1/20 of being chosen, we will then call this a
random sample.
Thus, sample designs are basically of two types viz., non-probability sampling
and probability sampling. We take up these two designs separately.
Sampling error
A sampling error is a statistical error that occurs when an analyst does not
select a sample that represents the entire population of data. As a result, the
results found in the sample do not represent the results that would be
obtained from the entire population.
Population-Specific Error
A population-specific error occurs when a researcher doesn't understand who
to survey.
Selection Error
Selection error occurs when the survey is self-selected, or when only those
participants who are interested in the survey respond to the questions.
Researchers can attempt to overcome selection error by finding ways to
encourage participation.
Non-response Error
A non-response error occurs when a useful response is not obtained from the
surveys because researchers were unable to contact potential respondents (or
potential respondents refused to respond).
Conclusion
As mentioned in the introductory section, the presented approach
attempts to assist statistical developers with some practical guidance
prior to the implementation of data collection operations and when very
little is known about the population under study. The described
preliminary assessment of data collection requirements is based on
geometrical rather than probabilistic criteria and it would therefore be
viewed as a conventional mathematical exercise rather than an
unconventional statistical one. The author is of the opinion that such a
priori guidance would offer an optional methodological supplement well
compatible with conventional statistical techniques and tools that are
commonly applied in subsequent phases of data analysis and parameter
estimation.
Reference
https://www.wisdomjobs.com/e-university/research-methodology-
tutorial-355/different-types-of-sample-designs-11471.html
https://www.economicsdiscussion.net/statistics/merits-and-demerits-
of-sampling-method-of-data-collection/2343
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3572336
https://en.wikipedia.org/wiki/Sample_size_determination
https://www.investopedia.com/terms/s/samplingerror.asp