Characteristics of Data – Central Tendency and Dispersion
February 12, 2025
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Today, South Korea is one of the largest economies in the world. It is the 12th largest to be precise. However, the influence it has in global markets is significant. It is home to many multinational corporations which compete against the best in the world. For instance, American markets are flooded with Korean manufactured automobiles. […]
Step 1: Decide Between a Normal Process Map v/s Swim Lanes Process maps can be built in the usual way wherein sequence is the primary concern or in the swim lane pattern. In the swim lane pattern along with sequence, accountability is also formally recorded. This is because each group of participants is recorded separately […]
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The method which is adopted to collect the sample obviously has large implications on the conclusions drawn from that sample. Mentioned below are the techniques which can be used for sampling populations as well as processes. A brief detail has been given so that you can understand the pros, cons and correct usages of each of these techniques:
The advantage of this strategy is that you have an additional dimension which is time. Studies can be done and cycles and patterns can be found out. The disadvantage is that planning one of these studies requires considerably more expertise than a random sampling plan.
Although there are many more types of sampling techniques that are available, the four listed above account for almost 80% of the types of samples that are used in studies. Hence a thorough understanding of these four will help improve your sampling endeavour.
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