Sampling and Sampling Distributions
In: Statistics for Business and Financial Economics
AbstractThe following sections are included:INTRODUCTIONSAMPLING FROM A POPULATIONSampling Error and Nonsampling ErrorSelection of a Random SampleSAMPLING COST VERSUS SAMPLING ERRORSample Size and AccuracyTime ConstraintsSAMPLING DISTRIBUTION OF THE SAMPLE MEANAll Possible Random Samples and Their MeanMean and Variance for a Sample MeanSample Without Replacement from a Finite SampleSAMPLING DISTRIBUTION OF THE SAMPLE PROPORTIONCalculating the Probability of Defective ChipsTHE CENTRAL LIMIT THEOREMIllustrating the Central Limit TheoremOTHER BUSINESS APPLICATIONSAudit SamplingPatient Waiting Time8SummaryAppendix 8A Sampling Distribution from a Uniform Population DistributionQuestions and Problems
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