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Reviewer in Statistics and Probabilit2
Reviewer in Statistics and Probabilit2
Reviewer in Statistics and Probabilit2
*Random Sampling
Random sampling - is a part of the sampling technique in which each sample has an
equal probability of being chosen.
Sample – is a randomly selected subset of a population
Population – is the entire group that you want to draw conclusion about. A sample is the
specific group that you will collect data from.
Slovin’s Formula
Statistic - describes a sample as an estimate for the whole population. The fact is about a
very large population in which you can’t imagine the time and money to be spent to
survey the entire population.
Parameter - describes the entire population. The fact is about the whole population that
is easy to figure out because the groups are small enough to measure.