Question
How can selection bias be minimized in a survey of
employee job satisfaction?Solution
Minimizing selection bias requires creating a sample that accurately represents the population. Including employees from various departments and tenure levels ensures diverse perspectives are captured. For example, newer employees might have different satisfaction levels than veterans, and capturing this variation prevents skewed results. Stratified sampling or random sampling methods are particularly effective in reducing such biases. Why Other Options Are Wrong : A) Limiting the sample to specific tenure groups excludes others, introducing bias. C) Relying on volunteers can lead to self-selection bias, as only motivated individuals participate. D) Convenience sampling prioritizes ease over accuracy, often leading to skewed results. E) Excluding certain groups like probationary employees may omit valuable data.
Which among these is not a type of General Insurance plans?
I. Motor Insurance
II. Marine Insurance
III. Health Insurance
What is the value of the bond whose Face value is Rs.1000 having a coupon rate of 10% when the required rate of return is 14%?
Which act was the first legislation governing all forms of insurance to provide strict state control over insurance business?
The maximum foreign direct investment (FDI) allowed in Indian insurance companies is:
The Payment to the policyholder at the end of the stipulated term of the policy is called?
Which of these changes would typically require an endorsement?
What is the purpose of "excess" in an insurance policy?
Which term referring to property coverage for the perils of burglary, theft and robbery?
A wide range of ICT services including Nationwide Communication Network for decentralised planning, improvement in Government services and wider transpa...
The minimum paid-up capital requirement for setting up a general insurance company in India is: