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By Mangesh Shirpurkar
Question:
I want to survey a large group of people. What size should my sample be? Twenty percent? Thirty percent? Avoid: There is no set percentage. What matters a actual number or size of sample. Tossing a coin: For five times Average result will skewed widely in one direction. Is not perfect In long run the average result will be a normal curve. That is evenly split between Heads and Tails
So if you surveyed 20 % of a group of 300 you will get samples of 60 in numbers. Which under represent the population. On the other hand if your population size is 30000, the 20 % of that is 6000 which is to large.
Determine goals
Know the size of the population If your population is small i.e. < = 200, no
need of sampling You will get 0% sampling error If your population size is large go through sampling
Confidence Level
Determine the confidence level It is a risk you want to accept Generally 95% means In the sample of
100, 95 samples are in acceptance range and 0.25 rejection range from both the sides
Degree of variability
Variability is the degree to which the concepts
being measured 80% - 20% Higher the degree of variability uthe larger the sample size Note: When the population is extremely heterogeneous i.e. > 90 10 a larger sample my be need for better result
Calculation by formula