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Sampling

An Introduction to Sampling

Learning Objectives

In this section you will learn:

  • What is a random sample
  • Three rules for sampling
  • Random vs Pseudo random samples
  • Simple Random Sampling in Excel
  • Stratified Sampling in Excel

An Introduction to Sampling

A good portion of the remainder of this course relies on the use of sampling to try and understand population characteristics and various relationships that may exist. This latter half of this course is called inferential statistics – which means that we draw inferences about the population by using samples. In the end, we use the information from the sample to improve business decision-making.

License

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An Introduction to Business Statistics for Analytics (1st Edition) Copyright © 2024 by Amy Goldlist; Charles Chan; Leslie Major; Michael Johnson is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License, except where otherwise noted.

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