Question
Which of the following is the key difference between
probability-based and non-probability-based sampling techniques?Solution
The core difference between probability-based and non-probability-based sampling lies in the selection process. In probability-based sampling, each member of the population has a known, non-zero chance of being selected, which allows for the application of statistical techniques that generalize findings to the entire population. This method includes random sampling, stratified sampling, and systematic sampling. Non-probability sampling, on the other hand, involves methods where selection is based on convenience or judgment (e.g., convenience sampling, judgmental sampling), meaning some individuals may not have a chance of being selected. This can introduce bias, making it less reliable for generalizations. Why Other Options Are Incorrect: • A: Probability-based sampling does not guarantee a perfectly representative sample; it only ensures that each member has a known probability of selection. • B: Probability-based sampling relies on random selection, not non-probability sampling. Non-probability sampling may use judgment or convenience as a selection method. • D: Both sampling methods can be used for datasets of various sizes. Probability sampling is often preferred for larger, diverse datasets for better generalization. • E: Both probability and non-probability sampling can be used for hypothesis testing, but probability sampling is more reliable for ensuring validity in hypothesis tests.
Which of the following reasons prompted India to liberalize its economy?
I- high combined deficit of the central and state governments
II-...
The Economic Survey 2023 projects a baseline GDP growth of ________ in real terms in FY24.
A lender relies on various sources of information to confirm a business’ operational and financial data . Which of the following documents are used by...
What is a Follow-on Public Offer (FPO)?
What is the Fully Accessible Route (FAR) introduced by the Reserve Bank of India?
Golden triangle is famous for which of the following producing region of the world?
Where an application is made by the transferor alone and relates to partly paid shares, the transfer shall not be registered, unless the company gives t...
Which organizations are classified as Deemed Accredited Investors under the IFSCA guidelines issued in January 2024?
What is charge created on gold loan?
What was SBI’s net profit in FY25?