Question
Which of the following best differentiates random
sampling from non-random sampling techniques?Solution
Random sampling is a probability-based technique where every individual in the population has an equal chance of being selected. This ensures the sample is unbiased and representative of the population. It’s widely used in experimental research where statistical accuracy is essential. On the other hand, non-random sampling (such as convenience sampling or judgment sampling) does not guarantee that every individual has an equal chance of being chosen, which can lead to selection bias and less reliable results. Option A is incorrect because random sampling is typically more accurate in representing the population than non-random sampling. Option C is incorrect because non-random sampling does not guarantee that the sample is representative; it often introduces bias. Option D is incorrect as random sampling is used for both small and large populations, depending on the context and feasibility. Option E is incorrect because neither random nor non-random sampling inherently relies on algorithms to select samples; it depends on the method used for selection.
What does BRSR stand for in the context of SEBI's disclosure requirements for ESG responsibilities?
Long-term solvency is indicated by :
The unpaid or unclaimed dividend lying in the Unpaid Dividend Account has to be transferred to the IEPF after how what period?
Which of the following best describes earned value management?
Under the “Credit Enhancement Scheme”, IIFCL provides credit enhancement by way of unconditional and irrevocable partial credit guarantee to enhanc...
Under the IFSCA (Banking) Regulations 2020, what is the Net Stable Funding Ratio (NSFR) requirement for an IFSC Banking Unit?
In April 2022, RBI introduced the Standing Deposit Facility (SDF). What is the major objective behind this?
Which of the following statements about REER is not correct?
India is a nation with one of the highest populations. India’s National Population Policy (NPP) states its immediate objective as addressing the unmet...
What is the employee contribution under EPF scheme?