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Explanation: Sampling is a critical step in data analysis, especially when dealing with large datasets. By selecting a smaller, representative subset of the population, analysts can perform computations faster and with fewer resources while retaining the integrity of the results. Effective sampling reduces data complexity and ensures that the sample mirrors the population's characteristics, enabling reliable statistical inferences. Techniques like simple random sampling or stratified sampling ensure diversity and minimize bias, maintaining the overall data quality for analysis. Option A: While sampling aids in efficient predictions, it does not involve using all available data. Sampling is about selecting a subset, not the entire dataset. Option C: Sampling does not eliminate the need for advanced techniques; it complements them by making analysis feasible for large datasets. Option D: Including all rare events is not guaranteed through sampling; specific strategies like oversampling are needed for rare-event analysis. Option E: Sampling reduces but does not eliminate bias. Proper technique selection minimizes it.
Consider the following statements about the PM SVANidhi Scheme:
1. The scheme supports both urban and rural street vendors.
...Which of the following is/are functions of Department of Economic Affairs under Ministry of Finance?
Which of the following is the main objective of the District Mineral Foundation (DMF)?
Atal Pension Yojna is being administered by which of the following entity ?
What is approx. collection of Income tax during FY 2021-22?
Which of the following is not a category under this mission which is described in the above passage?
Which of the following States is not part of 7 Selected PM MITRA Parks?
Which was the first Indian product to get the geographical indication tag?
Which of the following statement is/are correct with respect to the National Mission on natural farming?