Sampling & Sampling

Distribution
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Group Members
o o o o o Rahul Sharma Sonali Gugliani Sonam Dwivedi Shivangi Tanvi Kalra

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What is Sampling
o Collection of large data for study purposes is Population o Sample is a portion chosen from population for statistical purpose o Example : A complete sample of Australian men taller than 2m o It would consist of a list of every Australian male taller than 2m. But it wouldn't include German males etc.
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Sampling Methods
o o o o Simple Random Sampling Systematic Sampling Stratified Sampling Cluster Sampling

Single Random Sampling

o Samples have equal probability o Each individual is chosen randomly and entirely by chance, such that each individual has the same probability o Simple random sampling is the simplest of the probability sampling techniques o Advantages are that it is free of classification error

Systematic Sampling
o Samples are picked up at uniform intervals o The most common form of systematic sampling is an equal-probability method o Systematic sampling is to be applied only if the given population is logically homogeneous o Suppose a supermarket wants to study buying habits of their customers .Hence ,they can choose every 10th or 15th customer

Stratified Sampling
o When a group of data is Homogenous ,it is called Strata o Stratification is the process of dividing members of the population into homogeneous subgroups o A real-world example of using stratified sampling would be for a political survey o It is not useful when there are no similar subgroups

Cluster Sampling
o When the total data is divided into various groups called Clusters o Example :Urban Rural ,Rich Poor etc . o Used when Natural groupings are evident in a statistical population o Used in Marketing Research o It is cheaper than other methods - E.g. fewer travel expenses and administration costs.

Sampling Distribution
o Samples are drawn from Population of data o Mean from these samples is calculated o Distribution of these possible means of the samples is Sampling Distribution o Errors that occur in mean calculation are called Standard Errors

o Sample Size : The number of observations to include in a statistical sample. o Sample Mean : Statistics computed from a collection of data on one or more random variables.

Q. The bank has large number of accounts and mean of these accounts is 2000.The Standard deviation in these accounts is 600.The Bank has picked up random samples of 100 accounts .Find the probability of distribution of Sample mean between 1900 & 2050 .

Central Limit Theorem

o As the Sample size increases ,the sampling distribution of the mean is normal . o It helps to know about parameters of population .

Q . The mean earning of population is 19000 & standard deviation is 2000. If the random sample of 30 persons is taken ,find the probability of those persons earning more than 19,750 ?

Finite Population
Q. There are 20 companies ,where staff turnover is studied and found that the std deviation of staff is 75 out of 20 companies ,sample study of 5 companies was done ,find the std error of mean ?