Solved

Careful Consideration of Sample Design Must Be Made to Achieve

Question 65

Essay

Careful consideration of sample design must be made to achieve efficient and effective statistical samples. This is accomplished through explicit specification of key factors and relating them through mathematical models. Consideration of the same factors in nonstatistical samples may help to produce more efficient and effective samples, even if the factors are not explicitly quantified.
REQUIRED: For each of the factors listed below, indicate its effect on sample size by inserting a D (for direct) or an I (for inverse) in the appropriate column(s).
 Factor  Effect on  Sample Size 1. Population size  2.  Variation in the population  3.  Tolerable misstatement  4. Expected misstatement  5. Risk of incorrect acceptance  6. Risk of incorrect rejection \begin{array} { l l l l } \text { Factor } &\text { Effect on } \\&\text { Sample Size }\\\hline\text {1. Population size }\\\text { 2. } \text { Variation in the population } & & \\\text { 3. } \text { Tolerable misstatement } & \\\text { 4. Expected misstatement } & \\\text { 5. Risk of incorrect acceptance } & \\\text { 6. Risk of incorrect rejection } &\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents