IMPORTANCE OF SAMPLING

Importance of Sampling

Importance of Sampling

Introduction

Statistics plays a very important role in the lives of the people and sampling is one important tool used in Statistics. It not only helps researchers for academic studies, but also helps various business organization and government to carry out their tasks. Government and Institution can set out policies by using statistics and statistical tools. It plays an important role in determining the position of an economy. It helps the country to determine various economic variables including unemployment, population growth rate, per capital income, housing, poverty rates etc. These statistics hold severe importance ...