BMKT 312 Sampling 2 Study Guide

The relationship between precision and confidence if

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Unformatted text preview: 2. The relationship between precision and confidence. If greater precision is necessary, then confidence must be reduced. If greater confidence is necessary, then the researcher must give up precision. The relationship between precision and confidence is a trade-off. 3. The relationship between population size and the size of the sample. In most instances, the size of the population has no direct effect on the size of the sample but affects it only indirectly through the variability of the characteristic in the population....
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This note was uploaded on 02/13/2014 for the course BMKT 312 taught by Professor Surajcommuri during the Fall '13 term at SUNY Albany.

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