The importance of sampling,from a managerial perspective,is to ________.
A)obtain information to draw a valid inference about a population
B)calculate the population parameters accurately
C)test the correlation between the values of the population
D)find all the defective products in the population

Question

Quizplus · Accepted Answer

Sampling is important for managers to obtain information that can be used to draw valid inferences about a population. By conducting a representative sample, managers can make informed decisions about the population they are interested in without having to collect data from every member of that population. This can save time, money and resources, while still allowing managers to make accurate and reliable predictions about the population. Calculating population parameters accurately and testing the correlation between values of the population are important objectives that can be achieved through effective sampling techniques. However, finding all defective products in a population will require a complete enumeration of the population, not just sampling.

The Importance of Sampling,from a Managerial Perspective,is to ________