Unformatted text preview: 3. Timeliness: Another advantage of a sample over a census is that the sample produces information faster. This is important for timely decision making. 4. Amount of Information: More detailed information can be obtained from a sample survey than from a census, because it take less time, is less costly, and allows us to take more care in the data processing stage. 5. Destructive Tests: When a test involves the destruction of an item under study, sampling must be used. Statistical sampling determination can be used to find the optimal sample size within an acceptable cost....
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This note was uploaded on 10/03/2011 for the course ECO 6416 taught by Professor Staff during the Spring '08 term at University of Central Florida.
- Spring '08