All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
B Com Exam  >  B Com Questions  >  Needed a Document for what is sampling? merit... Start Learning for Free
SaveJoin the Discussion on the App
Needed a Document for what is sampling? merits & demerits also.?
Clear all your B Com doubts with EduRev
Verified Answer
Needed a Document for what is sampling? merits & demerits also.? Rela...
Sampling
Application of certain queries to less than 100% of the population(group of all items that we are trying to observe and analyze) is known as Sampling. In simple terms, sampling is the process of selection of limited number of elements from large group of elements (population) so that, the characteristics of the samples taken is identical to that of the population. In above examples, suppose you choose 1000 students among 4 millions students. then:

- 4 millions students is population
- 1000 is the size of sample
Sampling is a great tool if you have to deal with a huge volume of data and you have limited resources. When you have large population of the data, then it can also be the only option you have.

Merits of Sampling
Sampling have various benefits to us. Some of the advantages are listed  below:
- Sampling saves time to a great extent by reducing the volume of data. You do not go through each of the individual items.
- Sampling Avoids monotony in works. You do not have to repeat the query again and again to all the individual data.
- When you have limited time, survey without using sampling becomes impossible. It allows us to get near-accurate results in much lesser time
- When you use proper methods, you are likely to achieve higher level of accuracy by using sampling than without using sampling in some cases due to reduction in monotony, data handling issues etc.
- By using sampling, you can get detailed information on the data even by employing small amount of resources.

Demerits of Sampling
- Every coin has two sides. Sampling also have some demerits. Some of the disadvantages are:
- Since choice of sampling method is a judgmental task, there exist chances of biasness as per the mindset of the person who chooses it. 
- Improper selection of sampling techniques may cause the whole process to defunct.
- Selection of proper size of samples is a difficult job.
- Sampling may exclude some data that might not be homogenous to the data that are taken. This affects the level of accuracy in the results.
This question is part of UPSC exam. View all B Com courses
Explore Courses for B Com exam
Needed a Document for what is sampling? merits & demerits also.? Related: Business Mathematics and Statistics - Notes & Videos
Question Description
Needed a Document for what is sampling? merits & demerits also.? Related: Business Mathematics and Statistics - Notes & Videos for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Needed a Document for what is sampling? merits & demerits also.? Related: Business Mathematics and Statistics - Notes & Videos covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Needed a Document for what is sampling? merits & demerits also.? Related: Business Mathematics and Statistics - Notes & Videos.
Solutions for Needed a Document for what is sampling? merits & demerits also.? Related: Business Mathematics and Statistics - Notes & Videos in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of Needed a Document for what is sampling? merits & demerits also.? Related: Business Mathematics and Statistics - Notes & Videos defined & explained in the simplest way possible. Besides giving the explanation of Needed a Document for what is sampling? merits & demerits also.? Related: Business Mathematics and Statistics - Notes & Videos, a detailed solution for Needed a Document for what is sampling? merits & demerits also.? Related: Business Mathematics and Statistics - Notes & Videos has been provided alongside types of Needed a Document for what is sampling? merits & demerits also.? Related: Business Mathematics and Statistics - Notes & Videos theory, EduRev gives you an ample number of questions to practice Needed a Document for what is sampling? merits & demerits also.? Related: Business Mathematics and Statistics - Notes & Videos tests, examples and also practice B Com tests.
Explore Courses for B Com exam

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up
within 7 days!
Takes less than 10 seconds to signup