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Sampling Methods in Quantitative Research

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0% found this document useful (0 votes)
5 views7 pages

Sampling Methods in Quantitative Research

CFA level 1

Uploaded by

salonisanghavii
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Quantative Methods

Estimation and
Inference
Sample - subset of the population.

Sampling - process of obtaining a sample from


the population.

Parameter: A measure that describes a whole


population.

Sample Statistic: A measure that describes a


sample drawn from a population.

Benefits of Sampling:

[Link] time and resources.

[Link] efficient, as testing every

[Link] in a population is often impractical.


Types of Sampling
Methods:
1. Probability Sampling:
Provides equal chance to all population members.

Representative of the population.

For example,
Simple random sampling, Stratified random
sampling

2. Non-Probability Sampling:
Selection depends on factors other than probability.

Non-representative of the population.


Probability sampling is more accurate and reliable.
Probability Sampling
Simple Random Sampling

•Every possible sample of a given size has an equal


chance of selection.

•Systematic sampling - selecting individuals at


equal intervals from a lo list to form a sample of a
desired size.

•Can use a random number table for selection.

•Prone to sampling error.

Stratified Random Sampling


• Population is divided into homogeneous subgroups

• Samples are drawn proportionally from each


subgroup.

• More precise than simple random sampling but


only approximately random.
Cluster Sampling
•Population is divided into clusters; some clusters
are chosen randomly to form a sample.

• Less accurate but more time and cost-efficient


compared to stratified sampling.

•Advantages: Time and cost-efficient.

•Disadvantages: Lower accuracy as a sample may


not fully represent the entire population.

a. One-stage: All members of chosen clusters are


selected.

[Link]-stage: Subsamples are randomly selected


from chosen clusters.

Non-Probability
Sampling
Depends on researcher's capabilities.

Two types: Convenience and Judgmental


Sampling.

[Link]: Selection based on accessibility.

b. Judgmental: Elements picked based on


researcher's knowledge.

• Advantages and disadvantages of.

•Convenience: cost & time efficient but limited


level of sample accuracy.

•Judgmental: researchers may select a more


accurate representative sample, but sample may
not represent the entire population

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