In sampling, the term "precision" refers to:
A)the number of variables used to establish quotas in quota sampling.
B)the amount of sampling error contained in a given sample.
C)the number of strata used when doing stratified sampling.
D)the fraction of the population that is included in the sample.

Question

Quizplus · Accepted Answer

Precision in sampling refers to how close the estimates derived from the sample are to the actual values in the population, which is inversely related to the amount of sampling error. A lower sampling error means higher precision.

In Sampling, the Term "Precision" Refers To