Ch13 Sampling
Ch13 Sampling
A Skill-Building Approach
Uma Sekaran and Roger Bougie
Chapter 13 Sampling
Low μ High
Research Methods © 2012 John Wiley & Sons Ltd.
7
for Business www.wiley.com/college/sekaran
Issues of Precision and Confidence in
Determining Sample Size
• Precision
Precision refers to how close our estimate is to the true
population characteristics.
• Confidence
Whereas precision denotes how close we are in
estimating the population parameter based on the
sample statistic, confidence denotes how certain we are
that our estimates will really hold true for the
population.
Research Methods © 2012 John Wiley & Sons Ltd.
8
for Business www.wiley.com/college/sekaran
Precision and Confidence
Precision and confidence are important issues in
sampling because sample data are used to draw
conclusions about the population; one hopes to be pretty
“on target.” Precision and confidence are related to
sample size: if one wants to maintain the original
precision while increasing the confidence, or maintain the
confidence level while increasing precision, or one wants
to increase both the confidence and the precision, one
needs a larger sample size.