With a sample size of 1,000 or more,there is a significant gain in accuracy especially when doubling or tripling the sample size.

Name: With a sample size of 1,000 or more,there is a significant gain in accuracy especially when doubling or tripling the sample size.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

Doubling or tripling the sample size from 1,000 does not significantly increase accuracy due to the law of diminishing returns; the gain in precision decreases as sample size increases beyond a certain point.

With a Sample Size of 1,000 or More,there Is a Significant