Unit 4: Sampling Business Research Methods – C.R. Kothari
Basic Sampling Concepts • Defining the Universe • Statistical Population • Sample • Characteristics of a Good Sample
Sampling Frame • A practical approach for determining the sample frame expected • A list or database from which a sample is drawn
Sampling Errors • Sampling Errors: Errors due to observing a sample instead of the whole population • Non-Sampling Errors: Errors not related to the sampling process such as data entry errors
Methods to Reduce Errors • Use of randomization • Increasing sample size • Better questionnaire design • Proper training to investigators
Sample Size Constraints • Budget limitations • Time constraints • Availability of population data • Desired precision level
Non-Response • Refers to lack of response from selected sample units • Can lead to bias • Must be minimized through follow-ups
Probability Sampling Methods • Simple Random Sampling • Systematic Sampling • Stratified Random Sampling • Area Sampling • Cluster Sampling
Sample Size Determination • Practical considerations in sampling • Factors: population size, confidence level, margin of error • Use of formulas or software tools